Answer:
Hi! The correct answer is $7.5
Step-by-step explanation:
<em><u>~to find the price of 1 seperate thing divide price by the amount that has been bought~</u></em>
Y = mx + c
y = 0.5x
y = 0.5*4 = 2
(4,2)
Take the decimal and multiply it by 100.
Based on the types of compounding and the interest rates, the following are true:
- Part A - The group will have $750
- Part B - The group will have $759.19
When using simple interest, the amount the group will have is:
<em>= Amount x ( 1 + rate x number of years )</em>
= 600 x ( 1 + 5% x 5)
= $750
When using compound interest, the group will have:
<em>= Amount x ( 1 + rate) ^ Number of years</em>
= 600 x ( 1 + 4%)⁶
= $759.19
In conclusion, compound interest yields more.
<em>Find out more about </em><em>compound interest </em><em>at brainly.com/question/25263325. </em>
