Question

Help me with my math​

Answer 1

Answer:

Step-by-step explanation:

The formula for determining simple interest is expressed as

I = PRT/100

Where

I represents interest paid on the amount invested.

P represents the principal or amount invested.

R represents interest rate

T represents the duration of the investment in years.

From the information given,

P = 10000

R = 4%

In the first year, the simple interest would be

I = (10000 × 4 × 1)/100 = $400

The compound interest in the first year is also $400

In the second year, the simple interest would be

I = (10000 × 4 × 1)/100 = $400

For the compound interest in the second year,

P = 10000 + 400 = $10400

I = (10400 × 4 × 1)/100 = $416

The table would be

Simple interest compound interest

1) 400 400

2). 400 416

Total 800 816