Answer:
9
Step-by-step explanation:
9x8=72
9x9=81
Amount using compound interest = 2400(1 + 0.034)^5 = 2400(1.034)^5 = 2400(1.1820) = $2,836.70
Amount using simple interest = 2400(1 + 5 x 0.034) = 2400(1 + 0.17) = 2400(1.17) = $2,808
Difference = $2,836.70 - $2,808 = $28.70
Therefore, <span>he will earn $28.70 more interest in 5 years if the interest were compounded annually</span> .
Answer:
6
Step-by-step explanation:
2= 2/1
( 2/1 ) / ( 1/3 )
2x3 = 6
1x1 = 1
6/1 = 6
