I think it’s B if not I can’t tell because I can’t see all the questions .
Answer: 16 minutes
Step-by-step explanation:
24: 6= 4
1 hour = 60 minutes
60+36 =96
24 x 4 = 96
4 + 4+ 4+ 4= 16
there you go hope it helps :)
Answer:
12
Step-by-step explanation:
Answer:
Difference= $3,090.15 in favor of compounded interest
Step-by-step explanation:
Giving the following information:
Present value (PV)= $8,500
Ineterest (i)= 0.025/12= 0.00208
Number of periods (n)= 360 months
<u>We will calculate the future value of each option and determine the difference:</u>
<u>Simple interest:</u>
FV= (PV*i*n) + PV
FV= (8,500*0.00208*360) + 8,500
FV= $14,864.8
<u>Compounded interest:</u>
FV= PV*(1+i)^n
FV= 8,500*(1.00208^360)
FV= $17,958.95
Difference= $3,090.15
