Answer:
- Only compound interest has an exponent in its formula.
- Simple interest is only earned on the original principal investment.
- Compound interest is earned on principal and interest.
Step-by-step explanation:
The above statements are self-explanatory.
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The one statement that can be argued is ...
"Compound interest earns more money than simple interest at the same rate for the same amount of time."
This is true for time periods <em>longer than the initial compounding interval</em>. If interest is compounded annually, the amount of simple interest and compound interest <em>will be the same for the first year</em>. After that, the compound interest account earns more, because interest is paid on interest and principal, not just principal.
Answer:
30%
Step-by-step explanation:
What is the percent decrease if the original price is $582 and it went down 30%
or decreased 30%
Check:
582 x 0.70 = 407.4
582-407.4=174.6
174.6/582= 0.3
7 is a real number .......
Answer:
30.5 ft squared
Step-by-step explanation:
First, find the area and shape. If it is a square then you want to divide by four since all sides are equal. So divide 122 by 4 and you get the answer.
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The answer to the equation is x < 2.
