Answer: William will pay $ 330.76 more interest than Shani at the end of 3 years.
Step-by-step explanation:
Compound interest = 
<em> , </em>P= principal , r= rate of interest , t= time
Given: P = $5000 , t= 3 years
For Shani , r= 4% = 0.04
Compound interest = 
For William, r= 6%= 0.06
Compound interest = 
Difference = $ ( 955.08- 624.32)
= $ 330.76
Hence, William will pay $ 330.76 more interest than Shani at the end of 3 years.
Answer:
For this, first you must multiply the exponent, which in this case is 1.06^15,
and this gives you 2.39655819.
You then multiply 2.39655819 by 200000.
y = 479311.638
Hello! So the formula for compound interest is P(1 + r)^t, where r = rate, P = principal, and t = time (years). C is out, because you multiply the rate and principal together to get the price, not add. You raise the decimal to a certain power, based on the amount of years. You add 1 to the rate. 5% in decimal form is 0.05 and you must add 1 to the amount, which eliminated B. The only answer that works is A, because it shows the correct formula. The answer is A.
Answer: sorry dont know this
Step-by-step explanation:
Answer:
0.28
Step-by-step explanation:
