Question

Could you help me with this please is from apex

Answer 1

Completing the table we have;

Step-by-step explanation:

Given the table in the attached image, we want to complete the table;

`\text{Interest is 1\% compounded monthly}`

For period 1;

simple interest;

`i_1=Prt=100*0.01*1=\text{ \$1.00}`

Compound interest;

`\begin{gathered} f_1=P(1+(r)/(n))^(nt)=100(1+(1)/(12))^(1(12))=\text{ \$}101.00 \\ \text{ Interest = }101.00-100=\text{ \$1.00} \end{gathered}`

For period 2;

simple interest;

`i_2=Prt=100*0.01*1=\text{ \$1.00}`

compound interest;

`\begin{gathered} f_2=P(1+(r)/(n))^(nt) \\ P=f_1=101.00 \\ =101(1+(1)/(12))^(1(12))=\text{ \$}102.01 \\ \text{Interest}=102.01-101=\text{ \$}1.01 \end{gathered}`

Total interest

simple interest;

`i_t=i_1+i_2=1+1=\text{ \$2.00}`

Compound Interest;

`\text{ Total interest}=1.00+1.01=\text{ \$2.01}`

Therefore, completing the table we have;