The amount in simple interest is $3624 and in compound interest is $3674 the difference is of $50. So he should choose Simple interest.
<h3>What is compound and simple interest?</h3>
Simple interest is based on the principal amount of a loan or deposit. In contrast, compound interest is based on the principal amount and the interest that accumulates on it in every period.
Here we have the principle is $3000 for 4 years at the rate of interest of 5.2%. Now we will calculate the total amount by simple interest and compounded annually.
By using Simple interest:-

So the total amount will be =3000+624=$3624
By using the Compound interest formula:



The difference between the two amounts will be =3764-3624=$50
Hence amount in simple interest is $3624 and in compound interest is $3674 the difference is of $50. So he should choose Simple interest.
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Answer:
14/18 =0.7778
Step-by-step explanation:
14/18 =0.7777.........=0.7778 rounded to the nearest thousandth
Answer:
I believe H is the answer.
Step-by-step explanation:
Double checking.
Ok, if you decrease <span>£2500 by 1% you get 99% remaining
</span>So
99% of £2500 = 0.99 x £2500 = <span>£2475</span>
I cant explan but i think only rectangular prisms.