MATH SOLVE

4 months ago

Q:
# 50 POINTS!!!!!!!! EASY QUESTION QUESTION 4If $400 is deposited in an account that pays 4.25% interest, what is the difference in the amount after 2 years between the amount earned if the principal is compounded annually and the amount earned calculated using simple interest?$0.72$1.12$2.54$3.761 points QUESTION 5If $1200 is deposited in an account that pays 6.5% interest, what is the difference in the amount after 4 years between the amount earned if the principal is compounded annually and the amount earned calculated using simple interest?$3.20$15.12$23.54$31.76

Accepted Solution

A:

Salutations! your answers are:

Question 4: A, .072

Explanation: the amount of compound interest is $434.72, while the regular interest is $434. So, we must subtract.

434.72-434=0.72.

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Question 5: D, $31.76

Explanation: The amount of compound interest is $1,543.76, while the regular interest is $1,512, Then we subtract.

$1,543.76-$1,512=$31,76.

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Please tell me in the comments whether or not this helped you.

(P.S. Brainliest would be appreciated.)

Question 4: A, .072

Explanation: the amount of compound interest is $434.72, while the regular interest is $434. So, we must subtract.

434.72-434=0.72.

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Question 5: D, $31.76

Explanation: The amount of compound interest is $1,543.76, while the regular interest is $1,512, Then we subtract.

$1,543.76-$1,512=$31,76.

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Please tell me in the comments whether or not this helped you.

(P.S. Brainliest would be appreciated.)