Constant is the scale term in proportionality. Suppose one variable is dependent on the other and one variable become twice, other becomes also twice and if one becomes half, other too becomes half., but they are two different variables which are no-where linked (like cost(money) vs quantity). Quantity and cost are two different things but they abridge a mathematical relation of proportionality. So in the mathematics to abridge these two different variables, we need something. Constant serves that purpose.
Answer:
- Only compound interest has an exponent in its formula.
- Simple interest is only earned on the original principal investment.
- Compound interest is earned on principal and interest.
Step-by-step explanation:
The above statements are self-explanatory.
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The one statement that can be argued is ...
"Compound interest earns more money than simple interest at the same rate for the same amount of time."
This is true for time periods <em>longer than the initial compounding interval</em>. If interest is compounded annually, the amount of simple interest and compound interest <em>will be the same for the first year</em>. After that, the compound interest account earns more, because interest is paid on interest and principal, not just principal.
Answer:
-40%
Step-by-step explanation:
NV = new value
OV = old value
percent change = (NV - OV)/(OV) × 100%
percent change = (30 - 50)/(50) × 100%
percent change = -20/50 × 100%
percent change = -40%
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