1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
SOVA2 [1]
3 years ago
8

Consider two​ investments, one earning simple interest and one earning compound interest. If both start with the same initial de

posit​ (and you make no other deposits or​ withdrawals) and earn the same annual interest​ rate, how will the balance in the simple interest account compare to that of the compound​ interest?
Mathematics
1 answer:
Len [333]3 years ago
6 0

Answer:

Ratio between balances will be:

(x*(1+i)*n)/(x*(1+i)^n)

Where;

x = deposit

%i = interest rate annual

n = years

Step-by-step explanation:

Lets say first deposit is x$ for both investment and annual interest rate for both investment are %i. Also, they stayed under i interest in n years:

Total balance for simple interest is:

Total balance=x*(1+i)*n

How ever total balance for compound interest is:

Total balance=x(1+i)^n

You might be interested in
5,9,4,5,7,1,3,6<br> What is the median?<br><br> A. 8<br> B. 1<br> C..5<br> D. 4.
Serhud [2]

Answer: The median is 5.

Step-by-step explanation: If you add all the numbers up, you get 40. There are 8 numbers, so 40 divided by 8 is 5.

5 0
3 years ago
An artist can paint
kolezko [41]

Answer:

23,760/12=1980

1980x2=3960

7 0
3 years ago
QUICK WHAT IS:which expression represents a factorization of 32m + 56mp
Anna71 [15]
Simplifying that expression will be
32m + 56mp = 8m (4 + 7p)
5 0
3 years ago
Which expression gives the number of magazines printed after t minutes ?
const2013 [10]
B) 70t
Because for every 1 min there are 70 magazines printed
8 0
2 years ago
Which of the following is a type of data that is likely to be normally<br> distributed?
kkurt [141]
It is either A or D, but I think it’s A
8 0
2 years ago
Read 2 more answers
Other questions:
  • 4 out of 5 marbles are red
    14·1 answer
  • Please help!!!!
    15·2 answers
  • Can you check if i did? (I think that stupid in math)
    7·2 answers
  • 16x squares + 7x squared
    14·1 answer
  • (-2/5)7÷(-2/5)5=????
    14·2 answers
  • Does it make sense to use simple or compound interest for long term investing
    8·1 answer
  • The height of 5 boys is 5.4 ft, 6.12 ft., 7.02 ft. 4.9 ft, and 6.25 ft. What is the average
    9·2 answers
  • FMFWE,KFJWKJWKLEJWLKERJWLKRJLWKERJLWRJLWRJLWERJWERJWLKRJWERJWLE
    15·1 answer
  • The diameter of a circle is 40 m. Find the area of the circle in terms of pi
    13·1 answer
  • Select the correct answer from each drop-down menu.
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!