Which of the following best describes the difference between simple and compound interest?

Simple interest is easier to calculate than compound interest.

Simple interest earns interest on the previous interest earned only.

Compound interest earns interest on the principal plus any previous interest earned.

Compound interest earns interest on the principal only.

Answers

Answer 1

Answer:

Compound interest earns interest on the principal plus any previous interest earned.

Step-by-step explanation:

compound interest gets its name because the interest keeps on 'compounding' which means earning interest on interest

Answer 2

The correct best describes the difference between simple and compound interest is,

⇒ Compound interest earns interest on the principal plus any previous interest earned.

Option 3 is true.

What is Simple interest?

A quick and easy method of calculating the interest charge on a loan is called a Simple interest.

We have to given that;

To defined best describes the difference between simple and compound interest.

Now, We know that;

Compound interest pays interest on your previous balance plus your previous earned interest; simple interest pays interest only on your original balance.

Hence, The correct best describes the difference between simple and compound interest is,

⇒ Compound interest earns interest on the principal plus any previous interest earned.

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Related Questions

At a restaurant, Sherry leaves a tip of about 25%. If her bill is $41.33, what is the amount of the tip? What is the total price?

Answers

Answer:

10.333

Step-by-step explanation:

If you use percentage, we will get 10.3325.

But it's money, so we will have to round it up.

We then get 10.333.

I think the answer is $51.66 but I’m not sure , hope I can help though

C(t)=26(0.87)^(t) answer

Answers

please give brainliest

C(T) = 26(0.87)^(T)

open the pdf, it gives the answer

you're welcome! ^-^

Trang and Anh are dancing in the Dance-a-Thon to raise awareness and money for the Children’s Hospital. Trang donated $22 and earns $212 for every consecutive hour she dances. Anh donated $25 and earns $198 for every consecutive hour she dances. They both danced for the same amount of time and together raised $2,609.50. How much more money did Trang raise than Anh? Justify your answer.

Answers

Answer:

1304.75

Step-by-step explanation:

the answers is 1304.75

Choose the symbol that makes a true statement: -15____ -16
=
>

Answers

The symbol that makes that statement true is >

Can you simplify five and 26/24

Answers

Answer:

6 and 1/2

Step-by-step explanation:

Need help been waiting for 2 hours to find a answer

Answers

Answer:

1. 30 units squared and 22 units

2. 28 units squared and 28 units

3. 9 units squared and 12 units

4. 21 units squared and 20 units

Step-by-step explanation:

You just multiply by each parrallel for one 6 units high and 5 units wide, do this for 1, 3, and 4, but for 2 you have to break it into 2 shapes. Draw an extra line from (1,0) to (1, -2) then multiply each shape separately, then erase the line and count each block along the lines.

please I really need help question above

Answers

Answer:

point D

Step-by-step explanation:

(5;-2)

the first number(5) is always the x-values ( horizontal line ) and the second number ( -2) is always the y-value ( verticle line )

16V3
67513
B)
4
A) 25V3
C) 128V3
E) 64V3
D) 192V3

Answers

E hope this helps have a good day :)

7. The complement of


8. The supplement of
PLEASE HELP ME ILL GIVE YOU BRAINLEAST ANSWER!!

Answers

Answer:

love

salvation

Step-by-step explanation:

Answer:

Hey!

Step-by-step explanation:

If A and B are sets, then the relative complement of A in B, also termed the set difference of B and A, is the set of elements in B but not in A.

Two Angles are Supplementary when they add up to 180 degrees. These two angles (140° and 40°) are Supplementary Angles, because they add up to 180°: Notice that together they make a straight angle.

I'll mark brainliest!​

Answers

Answer:

D

Step-by-step explanation:

there are 4 squares, so that is the bottom number. 3 squares are colored in! this is the top number. so it is 3/4 which is D.

x-4y=4
a. y=1/4x-5
b. y=x-5
c=1/4x+1
d. y=x+5

Answers

Answer:

it's a letter C. heheehehehe

a box of oranges weighs 4 kg. if one orange weighs 80 g how many oranges are in the box​

Answers

There would be 20 oranges in each box

which expression represents the product of x3+2x-1 and x4-x3+3?​

Answers

Answer:

x7

Step-by-step explanation:

Answer:

x7

Step-by-step explanation:

Jessica went to dinner and her bill was $15.60. If she wants to leave a 15% tip, how much is the tip? How much did she spend total after the tip?

Answers

Answer:

A) $2.34

B) $17.94

Step-by-step explanation:

First in order to find the tip you need to set up a proportion:

15/100 = x/15.6

Step 1: Cross-multiply.

15/100 = x/15.6

(15)*(15.6) = x*(100)

234 = 100x

Step 2: Flip the equation.

100x=234

Step 3: Divide both sides by 100.

100x/100 = 234/100

x = 117/50 (2.34)

The tip is $2.34

Now to find the total, add the tip to the bill.

15.6+2.34

= 17.94

The total bill was $17.94

HOPE THIS HELPS!!!! <3333

-Silver

Please help me I do not understand I am in desperate need. 14 + 30 ÷ 6 − 2^3

Answers

Answer:

11

Step-by-step explanation:

think it about lol

pleas help me the question is the image below

Answers

FOR ALL MY POINTS write an argumentative essay on why dog parks are "helpful or harmful"

READ PROMPTAnswer:

Step-by-step explanation:

There are 1.5 liters of milk in the pitcher. There are 180 milliliters of milk in the glass. In milliliters, how much more milk is in the pitcher than in the glass?

Answers

Answer:Welcome to Brainly

Step-by-step explanation:

Hope this was helpful.

Answer:

1.5 liters × 1000

= 1500 milliliters

write 52 As a product of prime factors

Answers

The factors of 52 is 1 2 4 13 26,

Expand the following expression 8(3x+10y)
Select one:

104xy

24x+10y

8xy(13)

24x+80y

Answers

Answer:

8(3x+10y)

the answer is 24x+80y

Answer is: 24x+80y
Good luck

chris is going on holiday to the united states of america the exchange rate is £1=$1.55 chris has £720 spending money how much does he have in dollars
with explation please

Answers

Answer:

1,116 USD

Step-by-step explanation:

1=1.55 that is a 55% increase. 55% of 720 is 396. 720+396=1,116 USD

Jeremy is going to help his neighbor build a patio similar in shape to his patio. Jeremy's neighbor's patio will have twice the area of Jeremy's patio. How can Jeremy use the dimensions of his patio to determine the dimensions of his neighbor’s patio? A. Multiply each dimension by 2. B. Double each dimension. C. Square each dimension. D. Add 5 to each dimension.

Answers

Answer:

A. Multiply each dimension

Step-by-step explanation:

The solution is : the total stone tiles that Mr. Connor will need for the patio is 300 stone tiles.

What is area ?

Area is the measure of a region's size on a surface. The area of a plane region or plane area refers to the area of a shape or planar lamina, while surface area refers to the area of an open surface or the boundary of a three-dimensional object.

here, we have,

From the above question, we know that the patio is a combination of a triangle and a rectangle.

Step 1

Find the area of the shape

a) Area of the Triangle = 1/2 × Base × Height

Base = 20 feet

Height = 6 feet

Area = 1/2 × 20 × 6

Area = 60 square feet

b) Area of the rectangle

= Length × Breadth.

The rectangle has a

Base = Breadth = 20 feet

Height = Length = 12 feet

Area = 20 × 12 = 240 square feet.

Total Area of the patio

= Area of Triangle + Area of square

= 60 square feet + 240 square feet

= 300 square feet

Step 2

We are told that each stone tile = 1 square foot.

Hence, if the total area of the patio = 300 square feet, the number of stone tiles that would be used is

1 square foot = 1 stone tile

300 square feet = 300 stone tiles.

Therefore, the total stone tiles that Mr. Connor will need for the patio is 300 stone tiles.

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Complete Question

Mr. Conner is placing stone tiles to make a patio. Each tile is 1 square foot. The drawing shows the dimensions of his patio. A quadrilateral is broken into a triangle and rectangle. The triangle has a base of 20 feet and a height of 6 feet. The rectangle has a base of 20 feet and a height of 12 feet. How many total stone tiles will Mr. Connor need for the patio?

Which shows the following expression after the negative exponents have been eliminated? A^3 b^-2/ab^-4 A=/0, b=/0

Answers

If you eliminate the negative exponents you get A^3-1/a

y

1

x
If
y
=
7
when
x
=
64
find,
x
when
y
=
8

Answers

Answer:

x = 49

Step-by-step explanation:

This is an inverse relationship and it implies that, an increase in the value of one variable results in a subsequent decrease in the value of another variable.

Given the mathematical expression and data;

y = 1/√x

y = 7 and x = 64

First of all, we would find the constant of proportionality, k;

y = k/√x

7 = k/√64

7 = k/8

k = 7 * 8

Constant, k = 56

Now, to find the value of x when y = 8

y = k/√x

Substituting the values, we have;

8 = 56/√x

Cross-multiplying, we have;

8 * √x = 56

√x = 56/8

√x = 7

Taking the square of both sides, we have;

(√x)² = 7²

x = 49

The normal distribution is:
A. a distribution that can be modeled by a bell-shaped curve, with the
mean, median, and mode all the same value and the proportion for
any range of values defined in a table of normal curve areas (or
probabilities)
B. a bell-shaped density curve defined by the population mean (4),
which determines the position of the center of the curve, and the
population standard deviation (c), which determines the height
and spread of the curve.
C. any distribution that can be modeled by a density curve.
D. a set of values that lie directly on a plot of a bell-shaped density
curve, which is defined by the population mean (x) and the
population standard deviation ().
E. an imaginary histogram in which the width of each class is zero,
and the number of population members is infinite.

Answers

E have a good one hope that helps :) 7


The next model of a sports car will cost 11.4% less than the current model. The current model costs $44,000. How much will the price decrease in dollars? What
will be the price of the next model?

Answers

Answer:

44000 - (44000 : 100) x 11.4

= 38984

The price will be $38984.

44000 - 38984 = 5016

The price will decrease $5016.

I hope this is useful and you understood. :)

A deck of cards contains 26 red and 26 black cards. The red cards are divided into 13 hearts and 13 diamonds. The black cards are divided into 13 spades and 13 clubs, and the cards are numbered 2 - 10, Jack, Queen, King, or Ace. 1) When drawing one card from a deck of 52 cards, the probability of 1 could represent which event?
A) drawing the number 1
B) drawing a heart or diamond
C) drawing a number 2−10
D) drawing either a red or black card

Answers

Answer:

b

Step-by-step explanation:

becouase its b

Show that 2/4-x = 10/4+x

is equivalent to 12x = 32 for all values of x not equal to 4 or -4

Answers

Answer:

See proof below

Step-by-step explanation:

Given the expression 2/4-x = 10/4+x

Cross multiply

10(4-x) = 2(4+x)

10(4) - 10x = 2(4)+ 2x

40 - 10x = 8 + 2x

-10x - 2x = 8 - 40

-12x = -32

Multiply both sides by -1

-1(-12x) = -1(-32)

12x = 32

This shows the required expression

Apply the rule (x,-y) to the point (-2,3)

Answers

Answer:

(2, -3)

Step-by-step explanation:

Answer:(-2,-3)

Step-by-step explanation: -2 is x and -y is 3.

Felix and Jose go to lunch at Buffalo Wild Wings. Their meals total $28.00. Tax is 6%.
a. What is the total cost of food and tip?

b. Felix and Jose want to leave a 20% tip based on the cost before tax. How much should they leave?
Help pls

Answers

Answer:

A, Total cost with tax; $29.68

B, Total cost of tip; $5.60

Step-by-step explanation:

28 x .2, accounting for the tip, is 5.6, aka $5.60. 28 x .06, accounting for the tax, is 1.68. Adding the original amount, the tax, and the tip, we are left with $35.28 in total after they have paid both the tax and the tip.

Hope this helps!

Pleaseeeeeeeeee help

Answers

Answer:

80 in2

Step-by-step explanation:

10x8=80

A= 80 in2

Answer:

For base area? Its 80 in².

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