3 years ago

Is compound interest always greater than simple interest ?Give examples

1 answer:

3 0

Yes compund interest is always greater than simple interest

simple interest = principal

compound interest = principal + accumulated interest

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In a certain? city, the record rainfall during an 12 hour period is 11 2/3 inches how much rain fell per hour on average

soldi70 [24.7K]

namely, how many times does 12 go into 11⅔.

let's firstly convert the mixed fraction to improper fraction, and then divide.

$\bf \stackrel{mixed}{11\frac{2}{3}}\implies \cfrac{11\cdot 3+2}{3}\implies \stackrel{improper}{\cfrac{35}{3}} \\\\\\ \cfrac{35}{3}\div 12\implies \cfrac{35}{3}\div \cfrac{12}{1}\implies \cfrac{35}{3}\cdot \cfrac{1}{12}\implies \cfrac{35}{36}$

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3 years ago

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arsen [322]

Answer:

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Step-by-step explanation:

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Give the equation of the line with a slope of 6/5<br> and a y-intercept of 1.

Bingel [31]

Equation of line is y=mx+b where m is the slope and b is the y-intercept.

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3 years ago

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beks73 [17]

The slope is
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3 years ago

Ron purchases $32,000 worth of stock on his brokers advice and pays his broker a 1.25% broker fee. How much did he pay his broke

Xelga [282]

Ron would have to pay his broker $400 because 1.25 percent of 32,000 is 400

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