Answer:
Compound interest.
Step-by-step explanation:
-In compound interest, your money grows more rapidly as the interest already earned also earns a further interest over time for the term of the investment.
-While in simple interest, only the principal amount invested will earn interest over the investment's term>
#Let's say you invest $100 each in A(earning simple interest) and B(earning compound interest), take the term of both investments to be 5 yrs with both subject to an annual rate of 10%:
-Get the investment amounts in both accounts at the end of 5 yrs:
Hence, you notice that your earn more in compound interest keeping all other conditions similar.
I gave you the number to multiply it by, in my answer
to the question you posted 13 minutes ago.
Get busy multiplying !
You know that the slope, m=5. You have a point (6,7) as (x,y). The slope-intercept form is y=mx+b. Plug in the number for x,y, and m, and then you would be able to find b using the slope-intercept form. Then rewrite the equation as y=5x+b, which you just found b.
(Here's the first step. 7=5(-6)+b). Find b, and then write the slope-intercept form as y=5x+b.
Answer:
The difference between their bonus is £2.60
Step-by-step explanation:
The bonus Tom receives is 30% of £96
Tom's bonus
So the bonus Tom received is £28.8
From the question, Sally gets a bonus of £31.40
We need to find the difference between the bonus Tom gets and the bonus Sally gets.
This given by:
£31.40 -£28.8=£2.60
