Over time, compound interest at any rate will outperform simple interest. When the rates are nearly equal to start with, compound interest will be greater in very short order. Here, it takes less than 1 year for compound interest to give a larger account balance.
In 30 years, the simple interest will be
... I = P·r·t = 12,000·0.07·30 = 25,200
In 30 years, the compound interest will be
... I = P·(e^(rt) -1) = 12,000·(e^(.068·30) -1) ≈ 80,287.31
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6.8% compounded continuously results in more total interest
Answer:
18
It’s literally 72 divided by 4 which equals 18
Answer:
The Answer is -x + 3.
Step-by-step explanation:
It's honestly one of the longest process'. Above is the right answer though. Hope it helped.
They jumped 2 feet more as Jake + Peter = 7 so 7-5=2
