Answer:
Difference= $3,090.15 in favor of compounded interest
Step-by-step explanation:
Giving the following information:
Present value (PV)= $8,500
Ineterest (i)= 0.025/12= 0.00208
Number of periods (n)= 360 months
<u>We will calculate the future value of each option and determine the difference:</u>
<u>Simple interest:</u>
FV= (PV*i*n) + PV
FV= (8,500*0.00208*360) + 8,500
FV= $14,864.8
<u>Compounded interest:</u>
FV= PV*(1+i)^n
FV= 8,500*(1.00208^360)
FV= $17,958.95
Difference= $3,090.15
Look at your hundredth spot which is where the 7 is. So…
248, 739
Since 3 is not 5 or higher you cant round 7 up to 8. So your correct answer is 248,700
Hope this helps!
Answer:
0.0094
Step-by-step explanation:
0.94%=0.0094
Answer:
Bella is largely mistaken.
Step-by-step explanation:
What she described equals 90
Answer:
1. 4b+3b+15+4
2. 7b+19
Step-by-step explanation:
Both are equivalent expressions :))
