Answer:
J Compound interest; $298.65
Step-by-step explanation:
Interest compounding pays interest on the interest. For the same annual rate, any amount of compounding will earn more interest.
For short time periods, the effect of compounding is not great. In general, it will be a fraction of the equivalent simple interest rate. Here, the effective multiplier for annual compounding is ...
1.051^4 = 1.22024337
and the effective multiplier for simple interest is ...
1 +0.051·4 = 1.204
Then the difference in interest rate multiplier for the 4-year period is ...
1.22024337 -1.204 = 0.01614337
That fraction of the $18500 principal is $298.65.
Compound interest earns $298.65 more than simple interest in this scenario.
Hope this helps, have an amazing day!
Okay so I got $742.50
This is what I did :
(1- .10) (825)
= 0.9 (825)
Which gives me $742.59
Hope this somehow helped
Answer:
False.
Step-by-step explanation:
That is false. For y = x^2 the dependent variable is y. The vertical axis is used for the dependent variable.
I personally think it’s the first one
Answer:
Since radical 45 is equal to radical 9 times radical 5, and because radical 9 is equal to 3 (since 9 is a perfect square), we can simplify radical 45 to 3 times radical 5
