Answer: it is b
Step-by-step explanation:
I think I might be right I hope I am if not I’m so sorry
Answer:
Difference= $3,090.15 in favor of compounded interest
Step-by-step explanation:
Giving the following information:
Present value (PV)= $8,500
Ineterest (i)= 0.025/12= 0.00208
Number of periods (n)= 360 months
<u>We will calculate the future value of each option and determine the difference:</u>
<u>Simple interest:</u>
FV= (PV*i*n) + PV
FV= (8,500*0.00208*360) + 8,500
FV= $14,864.8
<u>Compounded interest:</u>
FV= PV*(1+i)^n
FV= 8,500*(1.00208^360)
FV= $17,958.95
Difference= $3,090.15
Answer:
D: 11
Step-by-step explanation:
mark brainliest
The correct excluded value is 2.
12 times 4 minus 3 because the 12 represents how much is in each of the 4 cases and you minus that by 3 and you get your answer