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:135
Step-by-step explanation:72 + 63 =135
Answer:
Step-by-step explanation:
We can obtain that the dimensions of the rectangle are 7 by 5.
Since A = lw, the total area is 35.
The answer to the question is boneless
