Check the picture below
notice, the run is half 35
recall slope = rise/run
Take the root of both sides and solve.
Answer:
$21.17
Step-by-step explanation:
Simple Interest=P(1+r)^t
Compounded Interest=P(e^rt)
SI=668*(1.0925)^5
SI=1039.64
CI=668(e^(0.0925*5))
CI=1060.81
1060.81-1039.64=21.17
So the difference is $21.17, thus doing compounded interest is better.