Answer:
Simple interest = $36
Compound interest = $48.96
It's better to invest $600 at 4% compounded monthly for 2 years as it's giving us more profit.
Step-by-step explanation:
Simple interest is calculated on the principal amount of a loan. Compound interest is calculated on the sum of principal amount and accumulated interest of previous periods.
Simple interest = 
Compound interest = 
Here, P denotes principal amount, R denotes rate of interest, T denotes time.
Given: $600 invested at 3% simple interest for 2 years, $600 invested at 4% compounded monthly for 2 years
To find: Simple interest and compound interest.
Solution:
Take P=600, R=3% and T=2 years
Using the formula of simple interest mentioned above,
Simple interest = 
So, interest earned is $36
Take P=600, R=4% and T=2 years
Using the formula of compound interest mentioned above,
Compound interest = 
=
=![600\left [ \left ( \frac{26}{25} \right )^2-1 \right ]](https://tex.z-dn.net/?f=600%5Cleft%20%5B%20%5Cleft%20%28%20%5Cfrac%7B26%7D%7B25%7D%20%5Cright%20%29%5E2-1%20%5Cright%20%5D)
=
=
So, interest earned is $48.96
It's better to invest $600 at 4% compounded monthly for 2 years as it's giving us more profit.
It should be A: the points are plotted evenly above and below
Answer:
x=6,y= 7
Step-by-step explanation:
-6x +7y= 13
-6x+8y=20
-y = -7
divide through by -1
y =7
sub y= 7 in equation 1
then x= 6
Answer:
So to do this you need a protactor and measure it with it, then add the total
Step-by-step explanation:
The question asked in this query is the place order of the
number value 20.4 and what is the tenths?
We can further explain the state order values of the number
is expanded form thus,
<span><span>1.
</span>20.0 – tens</span>
<span><span>
2.
</span>0.4 – tenths</span>
Now, which is the tenths in the number? It is the digit
number of 0.4