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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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[7.07] Choose the correct product of (6x + 2)2.
Archy [21]
The correct product of (6x+2)2 = 36x2 + 24x + 4
This is how to get this:
The equation is (a+b)2 = (a+b) (a+b). So, when you apply this to your equation, you get this:
(6x+2)2 = (6x+2) (6x+2) = 36x2 + 12x + 12x + 4 = 36x2 + 24x + 4
4 0
2 years ago
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Parker offers to pay for 5 of his friends to play laser tag, but 3 of them don’t want to play. Parker offers to pay for 5 of his
gtnhenbr [62]

Answer: B

Step-by-step explanation:

First, you have to find how many friends are playing. This can be found in the equation 5-3. Now you multiply by six to find the cost. If you chose C, that would be incorrect, because the () you would mltilply first (30) and then subtract 3 (27). You can also think of it as finding the cost of how much all of them want to play by using the distributive property, leaving you with 30 - 18, and subtract from there to get 12.

6 0
2 years ago
The head of maintenance at XYZ Rent-A-Car believes that the mean number of miles between services is 2135 miles, with a variance
stiv31 [10]

Answer:

0.36878

Step-by-step explanation:

Given that:

Mean number of miles (m) = 2135 miles

Variance = 145924

Sample size (n) = 40

Standard deviation (s) = √variance = √145924 = 382

probability that the mean of a sample of 40 cars would differ from the population mean by less than 29 miles

P( 2135 - 29 < z < 2135 + 29)

Z = (x - m) / s /√n

Z = [(2106 - 2135) / 382 / √40] < z < [(2164 - 2135) / 382 / √40]

Z = (- 29 / 60.399503) < z < (29 / 60.399503)

Z = - 0.4801364 < z < 0.4801364

P(Z < - 0.48) = 0.31561

P(Z < - 0.48) = 0.68439

P(- 0.480 < z < 0.480) = 0.68439 - 0.31561 = 0.36878

= 0.36878

3 0
2 years ago
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taurus [48]
I believe the answer is D

Because 24x4 is 96
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2 years ago
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When 27x^2z divided by -3x^2z^6 is correctly simplified, the exponent on the variable z is _____.
Dmitry_Shevchenko [17]
The Answer Is YES :D

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3 years ago
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