That is a ratio. 7 x 3 = 21 and 13 x 3 = 39.
Answer:
J Compound interest; $298.65
Step-by-step explanation:
Interest compounding pays interest on the interest. For the same annual rate, any amount of compounding will earn more interest.
For short time periods, the effect of compounding is not great. In general, it will be a fraction of the equivalent simple interest rate. Here, the effective multiplier for annual compounding is ...
1.051^4 = 1.22024337
and the effective multiplier for simple interest is ...
1 +0.051·4 = 1.204
Then the difference in interest rate multiplier for the 4-year period is ...
1.22024337 -1.204 = 0.01614337
That fraction of the $18500 principal is $298.65.
Compound interest earns $298.65 more than simple interest in this scenario.
Hope this helps, have an amazing day!
Answer:
Expression: no equal sign
Equation: equal sign is a MUST
Just switch the answer you put for expression and equation
Step-by-step explanation:
Answer:
90
Step-by-step explanation:
The first one is (1,10)
The second one is (1,5)
The third one is (0.5,10)
I hope this helps
