Simple Interest = Principal * Interest Rate * Term
Total Amount = Principal + Simple Interest
<span>
<span>
</span><span><span>
# Principal Interest rate term Interest Total balance
</span><span> 1
<span> 100.00 </span>6% 1
<span> 6.00 </span>
<span> 106.00
</span></span><span> 3
<span> 100.00 </span>6% 2
<span> 12.00 </span>
<span> 112.00
</span></span><span> 5
<span> 100.00 </span>6% 3
<span> 18.00 </span>
<span> 118.00
</span></span><span> 7
<span> 100.00 </span>6% 4
<span> 24.00 </span>
<span> 124.00
</span></span><span> 9
<span> 3,000.00 </span>5% 3
<span> 450.00 </span>
<span> 3,450.00
</span></span><span>10
<span> 4,000.00 </span>6% 3
<span> 720.00 </span>
<span> 4,720.00
</span></span><span>11
<span> 10,000.00 </span>4% 3
<span> 1,200.00 </span>
<span> 11,200.00
</span></span><span>13
<span> 10,000.00 </span>6% 4
<span> 2,400.00 </span>
<span> 12,400.00
</span></span><span>14
<span> 10,000.00 </span>6% 5
<span> 3,000.00 </span>
<span> 13,000.00 </span>
</span></span></span>
Answer: Hence, the value of expression is 30 when p = 8.
Step-by-step explanation:
Since we have given that
and we have p = 8.
So, we substitute the value of p in the above expression.
so, it becomes,
Hence, the value of expression is 30 when p = 8.
49.26 because 90-40.74=49.26
Answer: William will pay $ 330.76 more interest than Shani at the end of 3 years.
Step-by-step explanation:
Compound interest = 
<em> , </em>P= principal , r= rate of interest , t= time
Given: P = $5000 , t= 3 years
For Shani , r= 4% = 0.04
Compound interest = 
For William, r= 6%= 0.06
Compound interest = 
Difference = $ ( 955.08- 624.32)
= $ 330.76
Hence, William will pay $ 330.76 more interest than Shani at the end of 3 years.
Use the least common denominator (LCD) to write these fractions as equivalent fractions with like denominators, and then compare them two at a time
