Answer:
Option 4.7% = 3,500 x 4.7% =$164.50 simple annual interest.
82.25 this is what Scott will pay in 6 months at simple interest.
Option 4.2% =3,500 x (1 +0.042/12)^6 =3,500 x 1.0035^6=$3,574.15.
3,500 =$74.15 this is what Scott will pay in 6 months at compounded interest.
The compound option is cheaper by: 74.15 =$8.10.
If it’s silver and greater than 1 it would be a quarter
Answer:
hope this helps. Happy Holidays
Answer:
28(brainlestplzzzzzzzzzzzzzzz)
Step-by-step explanation:
Interest rate = 5.25%
<u>Step-by-step explanation:</u>
Simple Interest = Pnr = 4252.50
n = time = 54 months = 4.5 years
r = rate of interest = ?
P = 18,000
r = SI/Pn = 4252.50 / 18000× 4.5
= 0.0525 = 5.25%
