Answer:
J Compound interest; $298.65
Step-by-step explanation:
Interest compounding pays interest on the interest. For the same annual rate, any amount of compounding will earn more interest.
For short time periods, the effect of compounding is not great. In general, it will be a fraction of the equivalent simple interest rate. Here, the effective multiplier for annual compounding is ...
1.051^4 = 1.22024337
and the effective multiplier for simple interest is ...
1 +0.051·4 = 1.204
Then the difference in interest rate multiplier for the 4-year period is ...
1.22024337 -1.204 = 0.01614337
That fraction of the $18500 principal is $298.65.
Compound interest earns $298.65 more than simple interest in this scenario.
Hope this helps, have an amazing day!
The answer is 38 degrees. It WOULD be -38, but difference can not be negative.
The first one is $4 per bag, as given
For the he second one, you divide $15 by 4, you got $3,75 per bag
Therefore, the second one has the better unit price
Answer:
part A: 30,000 is more
Step-by-step explanation:
