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
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.

You might be interested in
What is a parallel slope for the line y = 2x + 2?
ArbitrLikvidat [17]

Answer: 2

Step-by-step explanation:

The slope is equal to 2 by it being in the slope place of y=mx+b

5 0
3 years ago
In his first 64 games, Sasha hit 48 home runs. If he continues at that rate, how many home runs will Sasha hit in his next 272 g
telo118 [61]

Answer:

A

Step-by-step explanation:

272/64 = 4.25

4.25*48 = 204

8 0
3 years ago
The cost of a school banquet is 75$ plus 15$ per person.
ivann1987 [24]

Answer:

The cost of a school banquet is $75+30n, where n is the number of people attending.

If 53 people are attending to visit school banquet, then you have to find the value of given expression at n=53.

At n=53, the value is $(75+30·53)=$1,665.

Step-by-step explanation:

4 0
2 years ago
Find the mode of the following data for data sets a-d (Remember what the steps are for finding the mode ).Rewrite the problem as
Nitella [24]
The mode would be 17, it’s the number that appears the most. I’m not rewriting it though
6 0
3 years ago
Find the area of the following figure. Explain how you found your answer.
iragen [17]

Answer:

Below

Step-by-step explanation:

Let's say that each square on the grid represents 1 cm

First find the area of the two triangles

For the larger one: A = bh/2

A = 3 x 3 / 2

  = 4.5 cm^2

For the smaller one : A = bh/2

A = 2 x 2 / 2

   = 2 cm^2

For the rectangle : A = lw

A = 4 x 5

   = 20 cm^2

Add them all up to get the area

4.5 + 2 + 20 = 26.5 cm^2

Hope this helps!

5 0
2 years ago
Read 2 more answers
Other questions:
  • If a publisher of nontechnical books takes great pains to ensure that itsbooks are free of typos, so that the probability of any
    11·1 answer
  • True of false <br> The World Is Going To End SOON!!!!<br><br> *teacher said ask this question*
    12·2 answers
  • 16b + 8 - 6<br> 16b + 2 = 2<br> Combine like terms<br> 16b = 0<br> Divide both sides by 16
    7·1 answer
  • Someone help me with the last 2 problems to find the missing angles
    12·1 answer
  • I need your help....pleeeease!
    15·1 answer
  • Writing algebraic expressions for: A number decreased by 5 is 12
    8·1 answer
  • Soybeans have a conversion factor of 36.744 (bu/t). How much do 45 bushels weigh?
    6·1 answer
  • A soap manufacturer advertises that it has increased the size of their bottle of dishwashing soap to 18.4 ounces, which is 5% mo
    13·1 answer
  • 1) If there are 12 eggs in a dozen, which expression represents how many eggs are in x dozens? 12x O x= 12 O x-12 O 12.x 12 + x
    14·1 answer
  • Which statement is not correct?
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!