Answer:
J Compound interest; $298.65
Step-by-step explanation:
Interest compounding pays interest on the interest. For the same annual rate, any amount of compounding will earn more interest.
For short time periods, the effect of compounding is not great. In general, it will be a fraction of the equivalent simple interest rate. Here, the effective multiplier for annual compounding is ...
1.051^4 = 1.22024337
and the effective multiplier for simple interest is ...
1 +0.051·4 = 1.204
Then the difference in interest rate multiplier for the 4-year period is ...
1.22024337 -1.204 = 0.01614337
That fraction of the $18500 principal is $298.65.
Compound interest earns $298.65 more than simple interest in this scenario.
Hope this helps, have an amazing day!
Answer:
Step-by-step explanation:
Answer:
38 inches
Step-by-step explanation:
just add them all together.
Answer:
Step-by-step explanation:
I think your question is missing key information, allow me to add more so it can meet your requirements
<em>A shop keeper sold some products.The results of the number of products sold are shown below. Which product had the greatest percentage of its inventory sold?</em>
<em>a. 40 mango jellies out of the 80 jelly are sold. </em>
<em>b. 68% of the apple juice is sold. </em>
<em>c. 0.475 of the cake are sold. </em>
My answer:
<em>a</em>. 40 mango jellies out of the 80 jelly are sold
= 40/80*100% = 50% sold
b. 68% of the apple juice is sold
c. 0.475 of the cake are sold
= 0.475*100% = 47.5%
So apple had the greatest percentage of its inventory sold which is 68%