518 + 372
= 500 + 18 + 300 + 72
= 800 + 18 + 72
= 800 + 90
= 890
Answer:
i do not know bro for real this aint no game at all
Answer:
Difference= $3,090.15 in favor of compounded interest
Step-by-step explanation:
Giving the following information:
Present value (PV)= $8,500
Ineterest (i)= 0.025/12= 0.00208
Number of periods (n)= 360 months
<u>We will calculate the future value of each option and determine the difference:</u>
<u>Simple interest:</u>
FV= (PV*i*n) + PV
FV= (8,500*0.00208*360) + 8,500
FV= $14,864.8
<u>Compounded interest:</u>
FV= PV*(1+i)^n
FV= 8,500*(1.00208^360)
FV= $17,958.95
Difference= $3,090.15
Selling price of app per user = $10 per month
Total no. of user in first month = 10
To tal no. of user added per month = 7
We have to find how much money is earned in one year
So the formula is n/2 * (2a +(n-1)d)
Here we have n = 12 which is total no. of months
a = 100 , which is money earned in one month
d = 70 , which is increase in money earned per month
So money earned in a year comes out to be 5820