Amount using compound interest = 2400(1 + 0.034)^5 = 2400(1.034)^5 = 2400(1.1820) = $2,836.70
Amount using simple interest = 2400(1 + 5 x 0.034) = 2400(1 + 0.17) = 2400(1.17) = $2,808
Difference = $2,836.70 - $2,808 = $28.70
Therefore, <span>he will earn $28.70 more interest in 5 years if the interest were compounded annually</span> .
Answer:
-6 is the numeral cofficient
9 is in parentheses therefore it's elevated above 3 that means you have to do operations on it first.
3 + (-9) = -6
The sum is negative.
First add up the total of the food. Then, multiply it by .2 (20%), and subtract that number from your total. You will get the price Jeff paid for his food.
