2 and 4
Step-by-step explanation:
This image shows an example on corresponding angles.
A normal distribution has a mean of 75 and a standard deviation of 10 use the standard normal table to find the probability that
1 answer:
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Answer:
0.0022x
Step-by-step explanation:
Given that,
The credit card company raised her APR from 14% to 15.2%.
Her average daily balance this month is x dollars.
We need to find the algebraically the increase in this month's finance charge due to the higher APR. It can be calculated as follows :
So, the required increase in the month's finance is 0.0022x.
<h2>Answer:</h2>
The simple interest is calculated only on the principal amount of a loan so it is relatively easier to calculate than the compound interest.
The compound interest is calculated on the principle amount plus the interest that the amount gets per compounding period up to the period of the loan. In other words, in compound interest we get, interest on interest.
This difference between the both, is the reason, we get more money in compound interest than simple one.
Let us take an example-
Suppose the principle is = $5000
r = 5% or 0.05
t = 5 years
Simple interest formula is :
=>
So, total amount after 5 years will become = dollars.
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Lets check for compound interest where the interest is compounded annually.
p = $5000
r = 5% or 0.05
t = 5 years
n = 1
Compound interest formula is :
=>
A = $6381.40
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We can see that we are getting more money in compound interest than the simple interest, for the same amount and same time period.