What will be the simple interest earned when you invest $1,000 for 3 years at 10 percent and the compound interest earned when y
ou invest the same sum for 2 years at 5 percent ? The simple interest earned when you invest $1,000 for 3 years at 10 % is $ . The interest compounded when you invest the same sum for 2 years at 5 % is $ .
The simple interest earned when you invest $1,000 for 3 years at 10 % is $
<em><u>300</u></em>
. The interest compounded when you invest the same sum for 2 years at 5 % is $
<em><u>331</u></em>
.
You know when it is a periodic function if the values repeats in regular intervals or periods. An example of this is trigonometric functions that repeat over intervals of 2 pi radians.
