The interest is a) $7000
b) $17709.73
c) $18672.62
d) $18901.67
What is the formula for simple and compound interest?
Simple interest = (P× r× t)
Compound interest = P(1+r/n)^nt - P
We will find the interest as shown below:
P=$4,000
t=25 years
a) r=7%=0.07
Simple interest = (P× r× t)
= (4000×0.07×25)
= $7000
b) r=7%=0.07
Compound interest = P(1+r)^t - P
= 4000(1+0.07)^25-4000
= $17709.73056
rounding to nearest cents
= $17709.73
c) r=7%=0.07
n=4
Compound interest = P(1+r/n)^nt - P
= 4000(1+0.07/4)^(25*4)-4000
= $18672.62375
rounding to nearest cent
= $18672.62
d) r=7%=0.07
n=12
Compound interest = P(1+r/n)^nt - P
= 4000(1+0.07/12)^(25*12)-4000
= $18901.6728
rounding to nearest cent
= $18901.67
Hence, the interest is a) $7000
b) $17709.73
c) $18672.62
d) $18901.67
Learn more about Interest here:
brainly.com/question/21104975
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Honestly I don’t even know what this is sorry I tried
Answer:
Step-by-step explanation:
The rules For fractions: Multiple Denominator to Denominator and Numerator to numerator!
Ok: For number 1
3/5*1/1= 3/5
Number 2
3/4*9/4=27/16= 1 11/16
Number 3
14/21=2/3*33/7=66/21= 3 3/21= 3 1/7
Number 4
6/18*9/42= 1/3*3/14= 3/42= 1/14
Number 5
22/15*45/4= 33/2=16 1/2
Number 6
3/28* 35/6= 105/168= 5/8
Number 7
2/7*35/12=60/84=5/6
Number 8
16/15*21/24=16/15* 7/8=112/120=14/15
Hope It helps!!!!
