The answer is 6
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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.
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Answer:
$15
Step-by-step explanation:
use a calculator and type 25%x12 and you will get 3
so 3 is 25% of 12
add 12 and 3 together to get your answer. $15
Answer:
Option 4) 
Step-by-step explanation:
we know that
If two figures are similar then the ratio of its areas is equal to the scale factor squared
Let
z------> the scale factor
x-----> the area of the dilated rectangle
y----> the area of the original rectangle
so
we have
substitute and solve for x
