However, if you do not show your work, you will not receive credit. Don't forget to subtract the original principal amount to find the compound interest earned. 14. Principal: $8,000 Rate: 4.3% Term: 12 Interest earned. 12 0.43 8,0001.43)144 12. 1000(i+2 15. Principal: $7,000 Rate: 2% Term: 20 Interest earned 240 240 0.2 ,0001 1t 12 240 7000 Comparing Simple Interest to Compound Interest Calculate the simple and the compound interest for the following scenarios. You must show your work to receive credit. Don't forget to subtract the original principal amount to find the compound interest earned. 16. Principal: $8,000 Rate: 4.3% Term: 12 Simple interest earned

However, if you do not show your work, you will not receive credit. Don't forget to subtract the original principal amount to find the compound interest earned. 14. Principal: $8,000 Rate: 4.3% Term: 12 Interest earned. 12 0.43 8,0001.43)144 12. 1000(i+2 15. Principal: $7,000 Rate: 2% Term: 20 Interest earned 240 240 0.2 ,0001 1t 12 240 7000 Comparing Simple Interest to Compound Interest Calculate the simple and the compound interest for the following scenarios. You must show your work to receive credit. Don't forget to subtract the original principal amount to find the compound interest earned. 16. Principal: $8,000 Rate: 4.3% Term: 12 Simple interest earned

Intermediate Algebra

19th Edition

ISBN:9780998625720

Author:Lynn Marecek

Publisher:Lynn Marecek

Chapter12: Sequences, Series And Binomial Theorem

Section12.3: Geometric Sequences And Series

Problem 12.59TI: New grandparents decide to invest 3200 per month in an annuity for their grandson, The account will...

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