The amount in simple interest is $3624 and in compound interest is $3674 the difference is of $50. So he should choose Simple interest.
<h3>What is compound and simple interest?</h3>
Simple interest is based on the principal amount of a loan or deposit. In contrast, compound interest is based on the principal amount and the interest that accumulates on it in every period.
Here we have the principle is $3000 for 4 years at the rate of interest of 5.2%. Now we will calculate the total amount by simple interest and compounded annually.
By using Simple interest:-

So the total amount will be =3000+624=$3624
By using the Compound interest formula:



The difference between the two amounts will be =3764-3624=$50
Hence amount in simple interest is $3624 and in compound interest is $3674 the difference is of $50. So he should choose Simple interest.
To know more about Compound interest Follow
brainly.com/question/24924853
#SPJ1
Answer:
10.9
Step-by-step explanation:
Formula = Number x 100
Percent = 6 x 100
55 = 10.91
Following shows the steps on how to derive this formula
Step 1: If 55% of a number is 6, then what is 100% of that number? Setup the equation.
6
55% = Y
100%
Step 2: Solve for Y
Using cross multiplication of two fractions, we get
55Y = 6 x 100
55Y = 600
Y = 600
100 = 10.91
Answer:
B) 1, 2, 2, 1
Step-by-step explanation:
In given equation:
Left side: Right Side:
2 Na 1 Na
1 S 1 S
1 H 2 H
1 Cl 1 Cl
To equal the number of Na and H atoms on both sides, HCl and NaCl will have a coefficient of 2 to balance the equation while Na₂S and H₂S will have a coefficient of 1.
1 Na₂S + 2 HCl ⇒ 2 NaCl + 1 H₂S
C) They solve the same number of problems per minute
172.5 Divided by 2
115 divided by 2
= 57.5
1/5 divided by 6
6 = 6/1
When dividing fractions, we follow a rule called "Keep, change, flip."
It then becomes: 1/5 * 1/6 = 1/30
1 fifth divided by 6 equals 1/30