Compound Interest Chart Balance that Starting Interest Ending Year Interest is | = Prt Balance Balance Calculated On 1 $1000 $1000 |= (1000)(.05)(1) = $50 $1050 2 $1050 $1050 4 Which type of investment would earn you more money, simple or compound interest? Explain.

Functions and Change: A Modeling Approach to College Algebra (MindTap Course List)
6th Edition
ISBN:9781337111348
Author:Bruce Crauder, Benny Evans, Alan Noell
Publisher:Bruce Crauder, Benny Evans, Alan Noell
ChapterP: Prologue: Calculator Arithmetic
Section: Chapter Questions
Problem 8E: An Uncertain Investment Suppose you invested 1300 in the stock market two years ago. During the...
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Compound Interest Chart
Balance that
Interest
Starting
Ending
Year
Interest is
| = Prt
Balance
Balance
Calculated On
1
$1000
$1000
| = (1000)(.05)(1) = $50
$1050
2
$1050
$1050
| = .
3.
4
Which type of investment would earn you more money, simple or compound interest? Explain.
Transcribed Image Text:Compound Interest Chart Balance that Interest Starting Ending Year Interest is | = Prt Balance Balance Calculated On 1 $1000 $1000 | = (1000)(.05)(1) = $50 $1050 2 $1050 $1050 | = . 3. 4 Which type of investment would earn you more money, simple or compound interest? Explain.
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