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Answer:
Principal = $1,000
Rate of interest = 14% = 0.14
Time = 3 years
A = Amount or future value
P = Principal
r = rate of interest in decimals
t = time
Substitute the values in the formula
Future Value is $1481.544
Compound interest = Amount - Principal = $1481.544- $1000 = $481.544
Formula of simple interest :
Substitute the values :
So, Simple interest = $420
Compound interest - Simple interest
= $481.544- $420
= $61.544
So, Compound Interest is $61.544 more than simple interest.
The distance between points A (3, -5) and A' (2, -3) is 2.4 units.
Given that,
The points A (3, -5) and A' (2, -3).
We have to determine,
The distance between point A and A'.
According to the question,
The distance between two points is determined by using the distance formula.
Then,
The distance between points A (3, -5) and A' (2, -3) is,
Hence, The distance between points A (3, -5) and A' (2, -3) is 2.4 units.
For more details refer to the link given below.