It would have changed by 1/3 is ur answer
Answer:
J Compound interest; $298.65
Step-by-step explanation:
Interest compounding pays interest on the interest. For the same annual rate, any amount of compounding will earn more interest.
For short time periods, the effect of compounding is not great. In general, it will be a fraction of the equivalent simple interest rate. Here, the effective multiplier for annual compounding is ...
1.051^4 = 1.22024337
and the effective multiplier for simple interest is ...
1 +0.051·4 = 1.204
Then the difference in interest rate multiplier for the 4-year period is ...
1.22024337 -1.204 = 0.01614337
That fraction of the $18500 principal is $298.65.
Compound interest earns $298.65 more than simple interest in this scenario.
Hope this helps, have an amazing day!
it would be 6 3/8 because the common factor is 5
Answer:
a).1
b).1
c).111
Step-by-step explanation:
a) anything to the zero power is 1
b) any number divided by itself is one
c) 100+10+1=111
B this is the correct answer because it is
