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
Answer:
20
Step-by-step explanation:
Answer:
4x-12y=9
Step-by-step explanation:
y=1/3 x + 3/4
1/3 x-y=3/4
(x-3y)/3=3/4
4(x-3y)=3×3
4x-12y=9
Answerthats good
Step-by-step explanation:
i will answer
It is the multiplying factor for the whole equation if that makes sense.
