3 years ago

How can simple interest make saving money easier

Mathematics

2 answers:

Tanzania [10]3 years ago

8 0

Because it is simple.you have to do a fewer calculations than if you saved money without it.

Vitek1552 [10]3 years ago

7 0

My answer would be, so you can know how much you will end of paying for something that is lets say $125. You could end up paying $250 for that and you wouldn't even know.

Hope this helps!!!

You might be interested in

What values do you need to know to create a box plot? Select all that apply interquartile range

Eva8 [605]

Answer:

B., C., and E or 2, 3, and 5

Step-by-step explanation:

I did it and got it right.

4 0

4 years ago

What is 4+(-4+6) <br><br>help asap please

Zarrin [17]

The answer would be 6

7 0

3 years ago

Read 2 more answers

4K+44 = 10k- 10 GIVE ME THE ANSWER AS FAST AS YOU CAN!!!!!

Shalnov [3]

4k+44 = 10 k -10
-4k -4k

44 = 6k-10
+10 +10

54=6k
54/6 = 6k/6

9=k hope this helps

3 0

3 years ago

Suppose you invest $2250 in a D that earns 3% APR and is compounded monthly. The Cd matures in 2 years. How much will this CD be

olasank [31]

Answer:

$2388.95

Step-by-step explanation:

Principal, P= $2250
Annual Interest Rate, r= 3% =0.03
Time, n= 2 years
Since it is compounded monthly, Period, k= 12 Months

The worth of a compound deposit after a period of n years is calculated using the formula:

$A(n)=P(1+\frac{r}{k})^{nk}$

$A(2)=2250(1+\frac{0.03}{12})^{12 \times 2}\\\\=2250(1+0.0025)^{24}\\=2250(1.0025)^{24}\\=\$2388.95$

At maturity, the deposit will be worth $2388.95.

8 0

3 years ago

Please solve this Laws of Indices problem

WINSTONCH [101]

Answer:

5^-2/3*5^-1/3*3^-1/3*3^-11/3=

3^-4 *5^-1

Step-by-step explanation:

5 0

4 years ago

Read 2 more answers