With simple interest, interest is calculated based on the original deposit only. The amount of interest earned in 1 year does not affect the amount of interest earned in following years.
With compound interest, interest is "compounded" or added a specific number of times per year. After the interest is added, the next time it is calculated, the amount is based on the total amount in the account.
For example, if we deposit $100 at 2% compound interest that is compounded yearly, the first year our interest would be 0.02(100) = $2. Before the interest is calculated the next year, this $2 is added to the account, making it $102. This is the value we use to calculate the next year's interest: 0.02(102) = $2.04.
Because of this, compound interest grows more quickly.
Answer:
-55%
Step-by-step explanation:
Answer:
No
Step-by-step explanation:
jan-44
feb-84
mar-72
apr-96
may-52
jun-26
mean=(44+84+72+96+52+26)/6=62.3<65
The answer is no
The range of any graph are the set of all the y-values of the graph. For this graph, it goes all the way from 0 to about 3.5. I'd say the range of this graph was {0, 3.5}. Hope I could help!
Answer:
Step-by-step explanation:
First, find the <em>rate of </em><em>change</em><em> </em>[<em>slope</em>]:
Then plug these coordinates into the Slope-Intercept Formula instead of the <em>Point-Slope</em><em> </em><em>Formula</em><em> </em>because you get it done much swiftly. In this case, we have a y-intercept of ![[0, -5]](https://tex.z-dn.net/?f=%5B0%2C%20-5%5D)
, so this is a giveaway. It does not matter which ordered pair you choose:
If you want it in <em>Standard</em><em> </em><em>Form</em>:
y = 6x - 5
- 6x - 6x
_________
_______________________________________________
7 = 6[2] + b
12
y = 6x - 5
- 6x - 6x
_________
** You see? I told you it did not matter which ordered pair you choose because you will always get the exact same result.
I am joyous to assist you anytime.
