Answer:
Compound interest is the best.
Step-by-step explanation:
Simple interest is that which is not added to the initial capital once the term of the investment or credit has expired.
Compound interest is that which is added to the initial capital at the end of the investment or credit.
Simple interest:
I= C x i x t
15,000 * 0.05 * 5 = $ 750
Compound interest:
Cf= Ci (1+i)ᵗ
Cf = 15,000 * (1.039)^5 = $ 18,162.22
So, if Cf - Ci = I -> 3,162.22 is the compound interest.
Answer:
<em>Answer: D. Jake paid his loan in 12 months</em>
Step-by-step explanation:
Jake took out an interest-free loan of $2,401.56 from the bank to buy a car.
Since he has to pay no interest for the loan, the monthly payments are totally used to cover the amount of the loan.
He paid the bank $200.13 each month, thus the total months needed to pay the loan is:

Answer: D. Jake paid his loan in 12 months
3/10 = .3 and 87/100 = .87
382.3 - 191.87= 190.43
so the answer is 190.43
Hope this helped!! :))
Answer:
<h2>y-intercept = 3</h2><h2>x-intercept - not exist</h2><h2>the graph is increasing</h2>
Step-by-step explanation:
The exponential function:

has y-intercept for x = 0
hasn't x-intercept
if a > 1, then is increasing
if 0 < a < 1, then is decreasing
We have

a = 2 >1 - increasing
for x = 0:
