Answer:
Compount interest earns more. Difference between 2 interest is $92 445.39
Step-by-step explanation:
Simple Interest:
p = $10000
r = 3%
t = 2years
I = (10000×3×2)/100
= $600
Total amount = $10 600
Compound Interest:
p = $100000
r = 3/730 (daily)
t = 730 (2yrs)
A = 100000[1+(3/73000)]^730
= $103 045.39 (2d.p)
Difference = $103045.39 -
$10600
= $92 445.39
(Correct me if i am wrong)
Answer:
So Average Price of horse is $360
Step-by-step explanation:
Given:
25 horses sold in January for $ 2500
25 horses sold in February for $10500
TO find:
Average price of horse = ?
Solution:
Average price is usually found out by adding all the values and dividing by its total no of values
Now in our case
Total Horse = 25 + 25
= 50
Total Money = $7500 + $10500
= $18000
Average Price
Average Price
=$360
So Average Price of horse is $360