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Marina86 [1]
3 years ago
12

What is the difference between Compound Interest and simple interest???

Mathematics
1 answer:
oksian1 [2.3K]3 years ago
4 0

Answer:

Simple interest is calculated using initial principle while compound interest is calculated considering the interest also .

Step-by-step explanation:

Interest is the cost of borrowing money, where the borrower pays a fee to the lender for using his money. The interest, typically expressed as a percentage, can either be compounded or simple .

Simple interest is based on the principal amount , while compound interest is based on the principal amount and the interest that adds onto it in every period and the final principle is used for calculating the interest.

Simple interest is calculated  on the principal amount of a loan and it's easier to find out than compound interest.

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SOMEONE PLEASE HELP ASAP
Fittoniya [83]
Yes it proportional because they all function of y=3x
0x3=0
2x3=6
4x3=12
6x3=18
6 0
3 years ago
the distant around a track is 1/4 mile. a marathon is 26 1/5 miles. How many laps does it take to run a marathon​
sleet_krkn [62]

Answer:

108 1/8

Step-by-step explanation:

1/4=0.25, 1/5=0.2

=>26+0.2=26.2

=>26.2/0.25=108.8

8 0
3 years ago
A club surveyed its members to decide on food for an event. Out of 125 members surveyed, 89 preferred pizza, 23 of those preferr
RSB [31]

Answer:

\begin{array}{cccc}&\text{Prefer Pizza}&\text{Do not Prefer Pizza}&\text{Total}\\\text{Prefer Punch}&23&29&52\\\text{Do not Prefer Punch}&66&7&73\\\text{Total}&89&36&125\end{array}

Step-by-step explanation:

There are 125 members.

89 of them preferred pizza and 23 of 89 preferred punch, so 89-23=66 preferred only pizza.

52 members preferred punch, 23 of them preferred both pizza and punch, so 52-23=29 preferred only punch.

Now,

66 members preferred only pizza,

23 members preferred both,

29 members preferred only punch,

125-66-23-29=7 members did not prefer both

The two-way table is

\begin{array}{cccc}&\text{Prefer Pizza}&\text{Do not Prefer Pizza}&\text{Total}\\\text{Prefer Punch}&23&29&52\\\text{Do not Prefer Punch}&66&7&73\\\text{Total}&89&36&125\end{array}

4 0
3 years ago
If 28% of a sum is $100.80, what is the sum? A. $282.24 B. $129.02 C. $277.78 D. $360.00
Allushta [10]
100/28*100.80=(360.00) D hope this helps
3 0
3 years ago
Read 2 more answers
A trader bought x mangoes at the rate of 4 mangoes for 10 naira five of the mangoes were bad so he sold the remaining at the rat
Ilya [14]

Answer:

20 mangoes.

Step-by-step explanation:

Given:

Total  number of mangoes, a trader bought = x

A trader bought at the rate of 4 mangoes for 10 naira.

Five of the mangoes were bad.

He sold the remaining at the rate of 5 mangoes for 20 naira.

He made a gain of 10 naira

Question asked:

Total  number of mangoes, a trader bought = x = ?

Solution:

Unitary method

Cost price of  4 mangoes =  10 naira.

Cost price of  1 mango = \frac{10}{4}

Cost price of x mango = \frac{10}{4}\times x= \frac{5}{2} x

As 5 of the mangoes were bad and he sold the remaining mangoes, then Total number of mangoes sold =  x-5

Sale price of 5 mangoes = 20 naira

Sale price of 1 mango = \frac{20}{5}

Sale price x-5 of mango = \frac{20}{5}\times(x-5)=4(x-5)=4x-20

Now, as we know,

Gain = Sale price - cost price

10 = 4x-20 -\frac{5}{2} x\\ 10=4x-\frac{5}{2} x-20\\10=\frac{8x-5x}{2} -20

10 =\frac{3x}{2} -20

Adding both sides by 20

30=\frac{3x}{2}

Multiplying both sides by 2

60 = 3x

Dividing both sides by 3

x=20

Therefore, total number of mangoes, a trader bought is 20.

3 0
3 years ago
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