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Angelina_Jolie [31]
3 years ago
13

I need help thanks !

Mathematics
1 answer:
oksano4ka [1.4K]3 years ago
3 0

U say the answer is D 7$......

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If you make an initial deposit of $1000 in an account that yields 5% interest
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$1 000 × 4 % × 10 = $400

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($1 000 × 1.04 ^10) - $1 000 = $1 480.24 - $1 000 = $480.24

Interest on interest only applies to Compound Interest.

Excluding year 1, which yields $40 [the same as SI] the interest on interest yields $480.24 - $40 = $440.24

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Simon put $15000 in an account with a simple interest rate of 4.5%. How much interest will be earned after 8 years?
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Help Please I Don’t Understand D’:
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