Answer:
annually compounded interest at 7. 5% for three years will pay more by $22.97
Explanation:
Simple interest
A = P (1+ rt)
A = final amount
P = initial principal balance
r = interest rate
t = number of time periods elapsed
A = 10000(1+0.08x3) = $12,400
Annual compound interest
A = P (1+ r/n)^nt
A = final amount
P = initial principal balance
r = interest rate
n = number of times interest applied per time period
t = number of time periods elapsed
A = 10000(1+0.075/1)^(1x3) = $12,422.97
$12,422.97 - $12,400 = $22.97
Answer:
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Explanation:
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The phrase from the passage best helps the reader to identify the passage as a satire is He has been engaged for eight years upon a project for extracting sunbeams from cucumbers.
<h3>What is a passage?</h3>
A passage can be regarded as portion or section of a written work and this work can be a non-fiction .
Therefore, from the given passage, we can see that the marriage narrated here has been for good eight years upon a project for extracting sunbeams from cucumbers.
Learn more about passage at:
brainly.com/question/1657284
