1 answer

PLEASE SOLVE ITT Compare the interest earned by $10,000 for four years at 9% simple interest...

Question:

Compare the interest earned by $10,000 for four years at 9% simple interest with interest earned by the same amount for four

PLEASE SOLVE ITT

Compare the interest earned by $10,000 for four years at 9% simple interest with interest earned by the same amount for four years at 9% compounded annually Why does a difference occur Click the icon to view the interest and annuity table for discrete compounding when 9% per year. The simple interest earned is $ (Round to the nearest dollar.) The compound interest earned is $ (Round to the nearest dollar) There is a difference in the amount of interest earned because Vallows interest from previous years to earn additional interest, whereas only considers the original principal

Answers

(1) P= $10,000 ; R=94, TE 444f s.I= PXRXT 10,000 X 9 X 4 >> SI = 3600 = 5.1 = $3600 100/ >> A = 10000 P= $10,000 , R = 94. Tz

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