Answer:
Step-by-step explanation:
CI = 624 x 1.05 ^3 =722.358 for whole investment 722.36-624 =98.36 for interest only
or for interest only do 624 x .05^3 = 98.36
Standard interest is done like this
year 1 = 624 x 1.05 = 655.20
655.20-624 = 31.20
year 2 = 655.20 + 31.20 = 686.40
year 3 = 686.40 + 31.20 = 717.60
total interest = 717.60-624 = 93.60
So standard interest is the method you have done they may be asking for either compound interest which is the first one or asking for whole investment which means you need to also add 624 at end for Standard interest.
if you need CI interest do the top one.
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$450 per week earns you $450 total per week, for $<span>23,400 total
$115 per week earns you that plus 9.5% of $125,000, which is $</span>11,875, plus $5,980 which is $<span>17,855 total
There is a $</span><span>5,545 difference, making the $450 a week a better deal</span>
I don’t see a problem but repost it and I can see if I know it
