First year 100x0.05 = 5
Second year 100x0.05 = 5
Third year 100x0.05 = 5
Total interest 15$ for three year + the original amount mean 100
Total after three year
$115
Because the interest not compounded mean : where previously accumulated interest is not added to the principal amount of the current period, so there is no compounding.
Answer:
first is linear second is quadratic and third looks like linear
Step-by-step explanation:
1. its a continuous straight line, linear
2. parabola shaped, quadratic
3. again a straight line, so linear
Answer:
Below in bold.
Step-by-step explanation:
i) Amount = 15000(1 + 0.10)^2 = 18,150.
Interest = 3,150.
ii) Amount = 15620(1 + 0.08/2)^(3/2*2)
= 15620(1 + 0.04)^3
= 17,570.38.
Interest =1,950.38.
iii) Amount = 100000(1 + 0.04/4)^(3)
= 100000(1 + 0.01)^3
= 103,030.1
Interest = 3030.1.
