Answer:
Principal = $1,000
Rate of interest = 14% = 0.14
Time = 3 years

A = Amount or future value
P = Principal
r = rate of interest in decimals
t = time
Substitute the values in the formula


Future Value is $1481.544
Compound interest = Amount - Principal = $1481.544- $1000 = $481.544
Formula of simple interest : 
Substitute the values :


So, Simple interest = $420
Compound interest - Simple interest
= $481.544- $420
= $61.544
So, Compound Interest is $61.544 more than simple interest.
Answer:
Thanks for the points
Step-by-step explanation:
Answer:
r= −100c+100d/ct
Step-by-step explanation:
d=c(1+rt/100)
1/100crt+c=d
1/100crt+c+−c=d+−c
1/100crt=−c+d
= 
Answer:
we plot first the data and find the equation. The equation is c(x) = 7x2 - 3x + 5. when x is equal to 5, then c(x) is equal to $165
Step-by-step explanation: