2 years ago

Identifying Functions from Tables

Mathematics

1 answer:

storchak [24]2 years ago

3 0

Answer:

im confused please explain better

Step-by-step explanation:

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attashe74 [19]

Answer:

Compount interest earns more. Difference between 2 interest is $92 445.39

Step-by-step explanation:

Simple Interest:

$I = \frac{prt}{100}$

p = $10000

r = 3%

t = 2years

I = (10000×3×2)/100

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Total amount = $10 600

Compound Interest:

$A = p( {1 + \frac{r}{100}) }^{n}$

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)

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