Answer:
First account (simple interest)
Step-by-step explanation:
The amount of interest earned by the first account is ...
I = Prt = $2000·0.04·7 = $2000·0.28 = $560
The amount in the second account at the end of 7 year is ...
FV = P·(1+r)^t = $2000·1.02^7 = $2297.37
so you have earned $297.37 in interest on the second account.
$560 is more than $297, so the First Account (simple interest) earns more money.
Answer:
Interes= 162,58
Step-by-step explanation:
Dada la siguiente información:
Se deposita 4000 soles a una tasa de interés del 0,8% quincenas
<u>Primero, debemos calcular el valor final de la inversión:</u>
VF= [VP*( 1 + i)^n]
VF= 4.000*(1,008^5)
VF= 4.162,58
<u>Para calcular el interés ganado en 5 quincenas, debemos usar la siguiente formula:</u>
Interes= 4.162,58 - 4.000
Interes= 162,58
Answer:
The graph is attached below.
Step-by-step explanation:
Considering the exponential function
The graph is also attached below.
Keywords: exponential function, graph
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