gonzalesalexiaouv1bg
29.02.2020 •
Mathematics
$668 at 9.25% for 5 years
What is the difference between the total amount in the account if you did simple and compound interest?
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Ответ:
$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.
Ответ:
frist answer is
6080
second answer is 72 square yard