I think all you do is $32,000 / $8,000 which is $4,000.
Meaning $4,000 will be invested in each investment, I may be wrong though.
Answer:
J Compound interest; $298.65
Step-by-step explanation:
Interest compounding pays interest on the interest. For the same annual rate, any amount of compounding will earn more interest.
For short time periods, the effect of compounding is not great. In general, it will be a fraction of the equivalent simple interest rate. Here, the effective multiplier for annual compounding is ...
1.051^4 = 1.22024337
and the effective multiplier for simple interest is ...
1 +0.051·4 = 1.204
Then the difference in interest rate multiplier for the 4-year period is ...
1.22024337 -1.204 = 0.01614337
That fraction of the $18500 principal is $298.65.
Compound interest earns $298.65 more than simple interest in this scenario.
Hope this helps, have an amazing day!
She can only but 14 movies because 18.50÷1.25= 14.8 and then 1.25×14=17.5
If your wanting to add it up so that the number will be greater then both.of those numbers then it would be 21,850
Answer:
Graph it???
Step-by-step explanation:
