Question

Someone that understands this please help!ASAP it’s 8th grade math

Answer 1

Answer:

simple ( principal *rate*time)/100.

3500*4*10/100 = 1400 interest

account balance =3500+1400=4900

compound p(1+r)^t

3500(1+.04)^10 =3500* 1.480=5180

interest earned = 5180-3500= 1680

how much more interest. ; 1680-1400=280

Answer 2

Answer:

Step-by-step explanation:

Simple Interest:

Simple Interest formula is S.I. = P × r × t

Interest Eared: $3,500 × 0.04 × 10 = $1,400

Account Balance formula is A = P ( 1 + rt )

Account Balance: $3,500 + $1,400 = $4,900

Compound Interest:

Compound Interest formula: $A =P(1+r)^{t}$

Account balance: $5,180.85

Interest Earned: $5,180.85 - 3,500.00 = $1,680.85