Answer:
$21.17
Step-by-step explanation:
Simple Interest=P(1+r)^t
Compounded Interest=P(e^rt)
SI=668*(1.0925)^5
SI=1039.64
CI=668(e^(0.0925*5))
CI=1060.81
1060.81-1039.64=21.17
So the difference is $21.17, thus doing compounded interest is better.
I need to see the answers choices so answer
Answer:
I am in 7th grade so stop asking me questions for
Step-by-step explanation:
#1 15
#2 $27.72
#3 $12.65
#4 14%, 62%, 23%