Answer:
Compound interest =$14.58
Simple Interest=$14.79
Step-by-step explanation:
Let's assume the interest rate charged on the loan was simple in nature.
-Simple interest is calculated using the formula:
Hence, the simple interest on the loan was $14.79
#If the interest is compound in nature with just one compounding per year:
Hence, the compound interest charged on the loan is $14.58
<span>1 - 2.25x</span>⁸ =
1² - (1.5x⁴)² =
(1 + 1.5x⁴)(1 - 1.5x⁴)
7.5, 7.058, 8.508,
8.58
Step-by-step explanation:
Product means to multiply. Integers are whole numbers, so the process would be to multiply the numbers.
Hope this is what you are looking for