The amount in simple interest is $3624 and in compound interest is $3674 the difference is of $50. So he should choose Simple interest.
<h3>What is compound and simple interest?</h3>
Simple interest is based on the principal amount of a loan or deposit. In contrast, compound interest is based on the principal amount and the interest that accumulates on it in every period.
Here we have the principle is $3000 for 4 years at the rate of interest of 5.2%. Now we will calculate the total amount by simple interest and compounded annually.
By using Simple interest:-
So the total amount will be =3000+624=$3624
By using the Compound interest formula:
The difference between the two amounts will be =3764-3624=$50
Hence amount in simple interest is $3624 and in compound interest is $3674 the difference is of $50. So he should choose Simple interest.
To know more about Compound interest Follow
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Answer:
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- <em><u>A. Draw a diameter of the circle. </u></em>
Explanation:
To<em> draw a square</em> you can <em>draw a circle</em> with a <em>compass</em> and then construct the inscribed square.
You can construct an inscribed square with a compass and a straightedge.
The <u>first step</u> is to draw the circle.
The <u>next</u> step is to <em>draw a diameter</em> (any line that passes through the center of the circle, which you marked when drew the circle). Hence, this is the correct answer to the queston, and it is described by the choice A.
After that, you will be able to draw the perpendicular bisector of the diameter. The two diameters drawn will mark four equidistant points on the circle which will be the four vertices of your square.
Finally, you just must join the adjacent vertices with the straightedge.
Answer:
SLOPE: - 3/5
Y-INTERCEPT: 7/5
Step-by-step explanation: Check picture :)
Answer:
7A - 42
Step-by-step explanation:
7(A-6)
Distribute
7*A - 7*6
7A - 42
Answer:
5060
Step-by-step explanation:
