Answer: 5 pounds
Step-by-step explanation: 90 - 47.65 ÷ 8.47 = 5
This is the answer of your question
Answer:
4900
Step-by-step explanation:
first take 4753 and divide by the percent:97
then take that number and multiply by 100
Option B. The balance will increase more and more each year, but it will not be linear. Unlike simple interest that tends to produce linear graphs; the returns when compounded can get very astronomical. The mathematics behind compound interest is "multiplication". Your funds get multiplied, not added or decreased and this is because the previous interest is accrued on the principal and the current interest. Unlike compound interest simple interest is linear, it increases (or decreases) steadily. As time goes on with simple interest, one's returns increases very steadily but this is unlike compound interest. So yes, Option B, the balance will increase more and more each year, but it will not be linear.
