If $1500 is deposited in an account that pays 4% interest, what is the difference in the amount after 3 years between the amount earned if the principal is compounded annually and the amount earned calculated using simple interest? a.$3.20 b.$7.30 c.$9.40 d.$15.10

Step-by-step explanation:

First, converting R percent to r a decimal

r = R/100 = 0.04%/100 = 0.0004 per year.

Solving our equation:

A = 1500(1 + (0.0004 × 3)) = 1501.8  

A = $1,501.80

The total amount accrued, principal plus interest, from simple interest on a principal of $1,500.00 at a rate of 0.04% per year for 3 years is $1,501.80.

The answer is B. $7.30. I took this test btw, this is correct

Step-by-step explanation:

Compound interest:

1500(1 + .04)^3 = 1687.296

Ending principle - beginning principle = interest

1687.296 - 1500 = 187.296 (this is the interest for compound interest)

Simple Interest:

1500 * .04 * 3 = 180 (this is the interest for simple interest)

Subtract both interests to get the difference:

187.296 - 180 = 7.296 rounded equals 7.30

The answer is $7.30 :))

true

explanation:

option: d is the correct answer.

d) none of the above.

step-by-step explanation:

clearly from the figure attached to the question we could see that there is no shape given. hence without any shape given in the figure and after rotation we can't obtained a square pyramid.

since, to obtain a image we need a proper figure of the pre-image so that it can be transformed.

hence, the correct answer is:

d) none of the above.

step-by-step explanation: