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.

Learn more about the Interest visit:

https://brainly.com/question/7639734

#SPJ3


Related Questions

If you leave $2300 in an account earning 3% interest, compounded daily, how much money will be in the account after 5 years? (Round your answer to two decimal places.)

Answers

Answer:

$2672.20

Step-by-step explanation:

2300(1+(0.03)/(365))^(5*365)

=$2672.20

In a game involving a standard deck of 52 playing cards, an individual randomly draws 6 cards without
replacement. Let Y be the number of aces drawn.
What type of variable is Y?

Answers

Answer: Neither

Step-by-step explanation:

Please help! And make sure to add a let statement!

Answers

Answer: See explanation

Step-by-step explanation:

1. Let the small number be x

Then, the bug number will be: x + 25

Therefore, x + x + 25 = 131

2x + 25 = 131

2x = 131 - 25

2x = 106

x = 106 / 2

x = 53

Small number= 53

Big number = x + 25 = 53 + 25 = 78

2. Let the small number be x

Then, the bug number will be: x + 14

x + x + 14 = 58

2x + 14 = 58

2x = 58 - 14

2x = 44

x = 44/2

x = 22

Small number = 22

Bug number = 22 + 14 = 36

The numbers are 22 and 36.

3. Let number of basketball sold be x

Therefore, number of football sold will be x+3.

Therefore, x + x + 3 = 27

2x + 3 = 27

2x = 27 - 3

2x = 24

x = 24/2

x = 12

12 basketball were sold

Number of footballs sold = 12 + 3 = 15

4. Let calories in bowl of soup x

Hamburger = 2 × x = 2x

Therefore, x + 2x = 738

3x = 738

x = 738/3

x = 246

There are 246 calories in bowl of soup

Calories in hamburgers = 246 × 2 = 492 calories

Find two numbers whose sum is 9 and their difference is 60.
 
Smaller-
Large number-​

Answers

Answer:

Step-by-step explanation:

x+y = 9

x-y = 60

-----------

2x = 69

x = 34.5

y = 9-x = -25.5

smaller number: -25.5

larger number: 34.5

-4x² – 26 + 7x – 6x² + 10 -12x =

Answers

hereeeee -10x ^2 -5x -16

Answer:

-10x^2-5x-16

Step-by-step explanation:

collect like terms

-4x² – 26 + 7x – 6x² + 10 -12x =

-10x^2-16-5x

reorder it in ax^2+bx+c order

-10x^2-5x-16

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

Part B Walden poses the same question (How many people live in your home, including yourself?) to each person in the house next to his. Based on their responses, he wrote this data set: 5, 5, 5, 5, 5. Question 1 What is the center of this data set?


PLZ answer the question

Answers

Answer:

The answer is 5

Step-by-step explanation:

get to the middle of the 5's and that's your answer =>=

Answer:

The answer is 5

Step-by-step explanation:

Write an equation for a line perpendicular to y=4x+1 and passing through the point (12,-7).

y =

Answers

Answer:

Step-by-step explanation:

y = 4x + 1

Slope of line = 4

Slope of perpendicular to line = -¼

Point-slope equation for line of slope -¼ that passes through (12, -7):

y+7= -¼(x-12)

m∠1=119∘ and m∠2=61∘.
What is m∠3?

Answers

Answer:

m∠3 = 119°

Step-by-step explanation:

All the angles must equal 360° when added together. You have two known angles that are right next to each other. If you add m∠1 and m∠2, 119 + 61, it is equal to 180°. This means that m∠3 and m∠4 must be equal to 180° as well and since there are only two lines, it is safe to assume that opposing angles are the same so m∠1 = m∠3 and m∠2 = m∠4.

Answer:

K12 answer

Step-by-step explanation:

Simplified 1100/2500

Answers

Answer:

11/25

Step-by-step explanation:

we can divide both top/bottom by 100, to get 11/25

:)

Amy is 4 years older than April. Together, their age is 24. How old is April and how old is Amy?

Answers

! !

' .

.

.

, . <3

_░▒███████

░██▓▒░░▒▓██

██▓▒░__░▒▓██___██████

██▓▒░____░▓███▓__░▒▓██

██▓▒░___░▓██▓_____░▒▓██

██▓▒░_______________░▒▓██

_██▓▒░______________░▒▓██

__██▓▒░____________░▒▓██

___██▓▒░__________░▒▓██

____██▓▒░________░▒▓██

_____██▓▒░_____░▒▓██

______██▓▒░__░▒▓██

_______█▓▒░░▒▓██

_________░▒▓██

_______░▒▓██

_____░▒▓██

Please do not send me a link to the answers I will have u reported but please answer this in feet

Answers

Answer:

24.5

Step-by-step explanation:

Help pls!!!! Pls explain how you got the answer if you can!!! Have a blessed day
Also if you don’t know the exact answer answer and comments. And pls don’t waste my points this assignment is very important.

Answers

Answer:

A.) 4/25

Step-by-step explanation:

An engineer designs an improved light bulb. The previous design had an average lifetime of 1200 hours. The mean lifetime of a random sample of 2000 new bulbs is found to have a mean lifetime of 1201 hours. Although the difference from the old mean lifetime of 1200 hours is quite small, the P-value is 0.03 and the effect is statistically significant at the 0.05 level. If, in fact, there is no difference between the mean lifetimes of the new and old designs, the researcher has:________

a. committed a type 1 error
b. committed a type 2 error
c. a probability of being correct, which is equal to the P-value
d. a probability of being correct, which is equal to 1-(P-value)

Answers

Answer:

a. committed a type 1 error

Step-by-step explanation:

The correct option is - a. committed a type 1 error

Reason -

Type 1 error occurs  when a true null Hypothesis is rejected

Type 2 error occurs when a false null Hypothesis is accepted

Now,

Let us state that,

The null hypothesis and alternate hypothesis is

H0 : There is no difference between the mean lifetimes of the new and old designs

H1 : There is a difference between the mean lifetimes of the new and old designs

Now,

As there is no difference between the mean lifetimes of the new and old designs.

⇒ The null hypothesis is true.

But p value suggests that null hypothesis should be rejected

We have committed a Type 1 error that is rejecting a true null hypothesis.

So,

The correct option is - a. committed a type 1 error

The scatter plot below shows the amount of money Shawn had in the bank on days in the month of January.



Which statement best describes the relationship between the amount of money Shawn had in the bank and the day of the month?

Answers

Bro there’s no numbers so how am I asposed to know


In the diagram, MQ is perpendicular to PR, and AMPR is isosceles. What is the measure of /MQR?

Answers

Answer:

90 I hope this helps good luck

Answer:

Its 90 degrees but I am not sure what you are asking

Step-by-step explanation:

Which ordered pair is a solution of the equation?
-7x+3y=2
Choose 1 answer:

(Choice A)
A
Only (1,3)

(Choice B)
B
Only (−2,−4)

(Choice C)
C
Both (1,3)(-2,-4)

(Choice D)
D
Neither

Answers

D. hope this helps! please let me know if i’m wrong. i’m pretty i’m correct

why is 2 × 3/4 less than 2​

Answers

Answer:

becuase 2*3 is 6, and 2*4 is 8, and when you simplfy it is 1 and 1/2, which in decimal form is 1.5, making it less than 2

Answer:

Is 2/4 smaller than 2/3? These are the same questions with one answer.

To get the answer, we first convert each fraction into decimal numbers. We do this by dividing the numerator by the denominator for each fraction as illustrated below:

2/4 = 0.5

2/3 = 0.667

Then, we compare the two decimal numbers to get the answer.

0.5 is less than 0.667.

Therefore, 2/4 is less than 2/3 and the answer to the question "Is 2/4 less than 2/3?" is yes.

i  think this will help

Answer It, Thanks. -3(-100)

Answers

Answer: 300

Step-by-step explanation:

Answer:

300

Step-by-step explanation:

If all terms are negative then the result will come out positive.

7.1.35-T Question Help You are the operations manager for an airline and you are considering a higher fare level for passengers in aisle seats. How many randomly selected air passengers must you survey? Assume that you want to be 95% confident that the sample percentage is within 3.5 percentage points of the true population percentage. Complete parts (a) and (b) below. a. Assume that nothing is known about the percentage of passengers who prefer aisle seats. (Round up to the nearest integer.)​

Answers

Answer:

You must survey 784 air passengers.

Step-by-step explanation:

In a sample with a number n of people surveyed with a probability of a success of [tex]\pi[/tex], and a confidence level of [tex]1-\alpha[/tex], we have the following confidence interval of proportions.

[tex]\pi \pm z\sqrt{\frac{\pi(1-\pi)}{n}}[/tex]

In which

z is the zscore that has a pvalue of [tex]1 - \frac{\alpha}{2}[/tex].

The margin of error is:

[tex]M = z\sqrt{\frac{\pi(1-\pi)}{n}}[/tex]

95% confidence level

So [tex]\alpha = 0.05[/tex], z is the value of Z that has a pvalue of [tex]1 - \frac{0.05}{2} = 0.975[/tex], so [tex]Z = 1.96[/tex].

Assume that nothing is known about the percentage of passengers who prefer aisle seats.

This means that [tex]\pi = 0.5[/tex], which is when the largest sample size will be needed.

Within 3.5 percentage points of the true population percentage.

We have to find n for which M = 0.035. So

[tex]M = z\sqrt{\frac{\pi(1-\pi)}{n}}[/tex]

[tex]0.035 = 1.96\sqrt{\frac{0.5*0.5}{n}}[/tex]

[tex]0.035\sqrt{n} = 1.96*0.5[/tex]

[tex]\sqrt{n} = \frac{1.96*0.5}{0.035}[/tex]

[tex](\sqrt{n})^2 = (\frac{1.96*0.5}{0.035})^2[/tex]

[tex]n = 784[/tex]

You must survey 784 air passengers.

Jada’s babysitter is four times Jada’s current age. In 5 years, Jada will be half her babysitter’s current age.

Answers

Answer:

24

Step-by-step explanation:

We can deduce that Jada's current age from her babysitter's age is 6 years.

Word problems in algebra?

Word problems in algebra involve our ability to discern abstract concepts and define variables that can be used to solve them algebraically. We do so by writing out an equation using variables and solving the equation.

From the given problem;

If Jada's current age = xThen Jada Babysitter = 4x

So,  x + 4x = 1

In five years' time;

Jada Babysitter's age = 5(4x)Jada current age [tex]\mathbf{=\dfrac{5(4x)}{2}}[/tex]

So, we can have the equation:

[tex]\mathbf{\rightarrow \ 5(4x) + \dfrac{5(4x)}{2} = 5}[/tex]

20x + 10x = 5

30x = 5

x = 0.6

Therefore, Jada's current age is [tex]\mathbf{=\dfrac{5(4(0.6))}{2} = 6 years }[/tex]

Learn more about word problems in algebra here:

https://brainly.com/question/21405634

a^2 - 2ab^2 if a = 9 and b = 3

Answers

U would just plug in the numbers to the letters. The answer is -81

Find the measurement of angle X

A) 91°
C) 1360
B) 1050
D) 100°

Answers

Answer:

I think its B or C

Step-by-step explanation:

QUESTION 1
1.1
1.1.1 Wiite 2 368 000 in words
1.1.2
Round the following number 864 345,537
1.1.2.1 to the nearest thousand
1.1.2.2 to two decimal places​

Answers

1.) 2368000 (two million, three hundred sixty-eight thousand)
2.) 864,346,000 rounded to nearest thousand
3.) 864,345,537.00 not 100% on the last answer

Good luck

Two rectangular picture frames have the same area of 45 square inches but have different side lengths. Frame A has a length of 6 3/4 inches, and Frame B has a length of 7 1/2 inches. What is the width of frame a and frame b.

Answers

Answer:

Frame A width = 6.67 inches

Frame B width = 6 inches

Step-by-step explanation:

WA = width of frame A

WB = width of frame B

(WA)(6.75) = 45

WA = 6.67

(WB)(7.5) = 45

WB = 6


WILL GIVE BRAINLEST 50 POINTS!
6.9.4 Journal: Similar circles

Scenario: Prove That All Circles Are Similar
Instructions
View the video found on page 1 of this Journal activity.
Using the information provided in the video, answer the questions below.
Show your work for all calculations.
The Students' Conjectures:The two students have different methods for proving that all circles are similar.
1. Complete the table to summarize each student's conjecture about how to solve the problem. (2 points: 1 point for each row of the chart)
Classmate Conjecture
John



Teresa





Evaluate the Conjectures:
2. Intuitively, does it make sense that all circles are similar? Why or why not? (1 point)

Yes just because some are small and some are big doesn't mean that they are different. And the formula for a circles circumference is C=2pi r and 2 and pi are alaway the same the only thing that changes is r.






Construct the Circles:
3. Draw two circles with the same center. Label the radius of the smaller circle r1 and the radius of the larger circle r2. Use the diagram you have drawn for questions 3 – 10. (2 points)

















4. In your diagram in question 3, draw an isosceles right triangle inscribed inside the smaller circle. Label this triangle ABC. (1 point)
5. What do you know about the hypotenuse of △ABC? (2 points)




6. In your diagram in question 3, extend the hypotenuse of △ABC so that it creates the hypotenuse of a right triangle inscribed in the larger circle. Add point Y to the larger circle so it is equidistant from X and Z. Then complete isosceles triangle XYZ. (1 point)
7. What do you know about the hypotenuse of △XYZ? (2 points)




8. How does △ABC compare with △XYZ? Explain your reasoning. (2 points)








9. Use the fact that △ABC ≈ △XYZ to show that the ratio of the radii is a constant. (2 points)








Making a Decision
10. Who was right, Teresa or John? (1 point)




Further Exploration:
11. What is the circumference of the circle that circumscribes a triangle with side lengths 3, 4, and 5?

Answers

Answer:I see the questions but is there supposed to be a chart or is it just questions?

Step-by-step explanation:

Answer:

I got the first one which is

John -if a circle is put it into the center of another and dilate to show that they are similar.

Teresa - says that if all corresponding parts of two circles have the same ratio they are similar.

Yes, all circles seem to be similar

1. The standard deviation of sample size of n = 15 is 345 and the mean is 6784. Given that the

population follows a normal distribution, construct a 90% confidence interval estimate of the

mean of the population.

Answers

Answer:

The 90% confidence interval estimate of the mean of the population is between 6627 and 6941.

Step-by-step explanation:

We have the standard deviation for the sample, which means that the t-distribution is used to solve this question.

The first step to solve this problem is finding how many degrees of freedom, we have. This is the sample size subtracted by 1. So

df = 15 - 1 = 14

90% confidence interval

Now, we have to find a value of T, which is found looking at the t table, with 14 degrees of freedom(y-axis) and a confidence level of [tex]1 - \frac{1 - 0.9}{2} = 0.95[/tex]. So we have T = 1.761

The margin of error is:

[tex]M = T\frac{s}{\sqrt{n}} = 1.761\frac{345}{\sqrt{15}} = 157[/tex]

In which s is the standard deviation of the sample and n is the size of the sample.

The lower end of the interval is the sample mean subtracted by M. So it is 6784 - 157 = 6627

The upper end of the interval is the sample mean added to M. So it is 6784 + 157 = 6941

The 90% confidence interval estimate of the mean of the population is between 6627 and 6941.

Suppose that the distribution of IQ's of North Catalina State University's students can be approximated by a normal model with mean 130 and standard deviation 8 points. Also suppose that the distribution of IQ's of Chapel Mountain University's students can be approximated by a normal model with mean 120 and standard deviation 10 points.

Required:
What is the probability that the mean IQ of the 3 North Catalina students is at least 5 points higher than the mean IQ of the 3 Chapel Mountain students?

Answers

Answer:

0.7517 = 75.17% probability that the mean IQ of the 3 North Catalina students is at least 5 points higher than the mean IQ of the 3 Chapel Mountain students

Step-by-step explanation:

To solve this question, we need to understand the normal probability distribution and the central limit theorem.

Normal Probability Distribution:

Problems of normal distributions can be solved using the z-score formula.

In a set with mean [tex]\mu[/tex] and standard deviation [tex]\sigma[/tex], the z-score of a measure X is given by:

[tex]Z = \frac{X - \mu}{\sigma}[/tex]

The Z-score measures how many standard deviations the measure is from the mean. After finding the Z-score, we look at the z-score table and find the p-value associated with this z-score. This p-value is the probability that the value of the measure is smaller than X, that is, the percentile of X. Subtracting 1 by the p-value, we get the probability that the value of the measure is greater than X.

Subtraction of normal variables:

When we subtract normal variables, the mean is the subtraction of the means, while the standard deviation is the square root of the sum of the variances.

Central Limit Theorem

The Central Limit Theorem estabilishes that, for a normally distributed random variable X, with mean [tex]\mu[/tex] and standard deviation [tex]\sigma[/tex], the sampling distribution of the sample means with size n can be approximated to a normal distribution with mean [tex]\mu[/tex] and standard deviation [tex]s = \frac{\sigma}{\sqrt{n}}[/tex].

For a skewed variable, the Central Limit Theorem can also be applied, as long as n is at least 30.

North Catalina:

Population has mean 130 and standard deviation 8 points. Sample of 3. This means that:

[tex]\mu_{N} = 130, s_{N} = \frac{8}{\sqrt{3}} = 4.6188[/tex]

Chapel Mountain:

Population has mean 120 and standard deviation 10 points. Sample of 3. This means that:

[tex]\mu_{C} = 120, s_{C} = \frac{10}{\sqrt{3}} = 5.7735[/tex]

What is the probability that the mean IQ of the 3 North Catalina students is at least 5 points higher than the mean IQ of the 3 Chapel Mountain students?

We want that: [tex]N - C > 5[/tex]

Distribution N - C:

The mean is:

[tex]\mu = \mu_N - \mu_C = 130 - 120 = 10[/tex]

The standard deviation is:

[tex]s = \sqrt{s_N^2+s_C^2} = \sqrt{4.6188^2+5.7735^2} = 7.3937[/tex]

This probability is 1 subtracted by the pvalue of Z when X = 5. So

[tex]Z = \frac{X - \mu}{\sigma}[/tex]

By the Central Limit Theorem

[tex]Z = \frac{X - \mu}{s}[/tex]

[tex]Z = \frac{5 - 10}{7.3937}[/tex]

[tex]Z = -0.68[/tex]

[tex]Z = -0.68[/tex] has a pvalue of 0.2483

1 - 0.2483 = 0.7517

0.7517 = 75.17% probability that the mean IQ of the 3 North Catalina students is at least 5 points higher than the mean IQ of the 3 Chapel Mountain students

Confusing to me please help......

Answers

it’s 2boxes because there’s 10 in each line , with 8 rows 8x2 equals 160 which is closest to 140 .









Hi there!

[tex]\large\boxed{3 \text{ boxes}}[/tex]

Calculate the number of boxes of cubes needed by calculating the volume of the pictured figure.

We can see that it has a width of 4 blocks, depth of 2 blocks, and a height of 8 blocks.

Calculate volume: V = l × w × h

V = 4 × 2 × 8  = 64 cubes in each box.

Since she needs 140 cubes, we can find how many boxes she would need for this amount:

140 ÷ 64 = 2.1875.

However, you cannot buy a part of a box, which is why you must round to a whole number. However, only buying 2 boxes would be too little.

Thus, she would need to buy 3 boxes.

Choose all that apply!! i’ll give a brainly!!

Answers

Step-by-step explanation:

The answer is A

PLEASE FOLLOW ME

Other Questions
What is the volume of the figure below? The Liberator is published the Underground Railroad goes into operation Uncle Tom's Cabin is publishedWhich title best summarizes the above list?F South Protests Tariffs!G Suffragettes Successful in Fight!H Abolitionists Take Action!J Slavery is Over! Combustion Analysis of an unknown hydrocarbon resulted in the capture of 216.00 g of water vapor and 440.00 g of CO2. The total mass of the hydrocarbon before combustion was 144 g. (1. How many moles of carbon dioxide are present after combustion?)(2. What is the empirical formula for the unknown hydrocarbon?)(3. How many water molecules does the water vapor trap capture?)(4. The gram-formula mass for the unknown hydrocarbon was determined to be 72 g/mol. How many moles of the unknown hydrocarbon were present in the original sample?)(5. infrared spectral analysis determines that the unknown hydrocarbon does NOT contain oxygen. How many moles of O2 are used in combusting the unknown sample?) Choose the sentence with the correct capitalization.(A"The only way to get to the top," said Tom, "is by aircraft."B"the only way to get to the top," said Tom, "is by aircraft.""The only way to get to the top," said Tom, "Is by aircraft."D"The only way to get to the top," Said Tom, "Is by aircraft." Three times a number minus thirty-twois seven times a number plus twenty-eight.*equation&solve* clarity the term fair discrimination Which statement best describes a step in the grooming process?AEarning the trust of a potential victim.BLying about your age to appear older or younger.CA person who behaves abnormally.Harassing someone based on gender or age. Find m2x(3x 10)DEBmABC=mZCBD- Question 5 of 5Which use of pacing best creates a tone of laziness?A. With a last yawn, the cat plopped down and slept. He slept in thesun.B. The eyes of the cat were yellow slits. He closed his eyes and sleptin the sun.C. The cat lounged. The sun shone. He scanned the room and wentto sleep.D. The cat lounged in the afternoon sun, his heavy eyelids just barelylifted. Sarah took clothes to the cleaners three times last month. First, she brought 2 shirts and 1 of slacks and paid $9.97. Then she brought 5 shirts, 3 pairs of slacks, and 1 sports coat and paid $34.91. Finally, she brought 3 shirts and 2 sports coats and paid $22.45. How much was she charged for each shirt, each pair of slacks, and each sports coat? The 11th hour of the 11th day of the 11th month marked this moment,ending the fighting of WWI. * 4. What percent of all computers sold during the entire weekwere sold on Friday! A quotation that rephrases or rewords what someone said or wrote is called ________________________. A) a ghostwritten quotation B) an indirect quotation C) a quotation summary D) plagiarism Which statements are true about the fully simplified product of (b minus 2 c)(negative 3 b + c)? Select two options. The simplified product has 2 terms. The simplified product has 4 terms. The simplified product has a degree of 2. The simplified product has a degree of 4. The simplified product, in standard form, has exactly 2 negative terms. Viruses are able to infect cells because they share a common genetic code and are able to use host cell enzymes to carry out protein synthesis. There are some structures which areunique to viruses and not found in cells. These include which of the following:l. Protein capsidII. Nucleic acidsIII. Cell wall Solve the following system of equations by the method of your choice. -2x + y = 3-4x + 2y = -20a. none of the above b. infinitely many solutions c. no solution d. one solution What is the net present value of a project with the following cash flows if the required rate of return is 9 percent? Year Cash Flow 0 -$42,398 1 18,201 2 21,219 3 17,800 Group of answer choices -$1,574.41 -$1,208.19 $5,904.64 $6,029.09 $6,311.16 What is a king to a god point B is the image of the point A when A is rotated 90 counterclockwise around the originpoint B must be the same ________ from the origin as point A (giving brainiest) solve please! dont copy I've looked up everything ill know if you copied something!