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Compare each investment to an investment of the same principal at the same rate compounded annually.

17. Principal: $8,000
Annual interest: 6%
Interest periods: 4
Number of years: 20

Compare each investment to an investment of the same principal at the same rate compounded-example-1

1 Answer

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Explanation:

income is based on a formula (rt)

r is a % of p (% being Annual Interest)

t is time (number of years)

p is principal.

17. 9,600$ in interest (lost or gained, gained is added from p, lost is subtracted from p)

18. is 1,750$

I am not entirely sure what interest periods are but I assume you can use this formula to find it. good luck man.

User Daniel Alder
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