HELP ASAP Line graphs show price trends over different time periods. What data points are used to create a line graph on the sto
ck quote shown?
The line graph is created using the (close price, open price, volume) of the stock each (day, month).
The line graph is created using the (close price, open price, volume) of the stock each (day, month).
2 answers:
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Answer:
Compound interest will lead to a larger sum of money than a comparable simple interest payment.
Explanation:
The true statement is that compound interest will lead to a larger sum of money than a comparable simple interest payment because the interest are compounded for a certain number of times such as daily, weekly, quarterly or annually while simple interest isn't compounded at all.
To find the future value, we use the compound interest formula;
Where;
A is the future value.
P is the principal or starting amount.
r is annual interest rate.
n is the number of times the interest is compounded in a year.
t is the number of years for the compound interest.
Mathematically, simple interest is calculated using this formula;
Where;
S.I is simple interest.
P is the principal.
R is the interest rate.
T is the time.