Colin took out a loan with a principal of $32,800. After five years, the interest and the principal totaled $48,872. If Colin ma
1 answer:
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Answer:
Option A earns higher interest($84115.58)
the difference in interest between the two option is $197.9
Step-by-step explanation:
In the problem we are going to apply both the simple interest formula and compound interest formula and compare which has the best/higher returns
Given data
Principal P= $43,000
Rate r= 6%= 0.06
time t= 3years
n= 4 (applicable for compound interest compounded quarterly)
solving for option A gives her 6% compounded quarterly
the compound interest formula is
Interest is =$8411.58
solving for option B which gives her 6% simple interest annually
the simple interest formula is
Interest is= $8213.68
calculating the diference in interest between the two options we have
= $197.9
Option A earns higher interest
Answer:
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Step-by-step explanation:
=
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×
6= 2×3×
×
10 = 2×5×
×
×5×3×
×
<h2>Answer:</h2>
An angle measures how how much you have to rotate one line called <em>initial side</em> so it lies on the top of other line called the <em>terminal side. </em>Angles whose vertex is located at the origin having the initial side on the positive x-axis is said to be in standard position. On the other hand, coterminal angles are angles in standard position having the same terminal side. In this way, for the angle: