Answer:
Principal = $1,000
Rate of interest = 14% = 0.14
Time = 3 years
A = Amount or future value
P = Principal
r = rate of interest in decimals
t = time
Substitute the values in the formula
Future Value is $1481.544
Compound interest = Amount - Principal = $1481.544- $1000 = $481.544
Formula of simple interest : 
Substitute the values :
So, Simple interest = $420
Compound interest - Simple interest
= $481.544- $420
= $61.544
So, Compound Interest is $61.544 more than simple interest.
My answer to this question C
To find out is 3/20 is larger than 2 we will convert 3/20 to a decimal. Lets do it:-
3/20
3 ÷ 20 = 0.15
Is 0.15 larger than 2?
No, 0.15 is not larger than 2.
So, 3/20 isn't larger than 2.
Hope I helped ya!! xD
The balance after one year is $5200
Step-by-step explanation:
The formula to apply here is
where
A=Amount of money at the end of the period=?
P=the amount of money invested= $5000
r=rate of interest=4%=0.04
n=number of compounding per year=1
t=time in years=1
Applying the formula
A=$5200
Learn More
Compound Interest: brainly.com/question/12148233
Keywords : interest, compounded annually
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Answer:
all work is shown and pictured
