Comparing Simple and Compound Interest 100 10 Use the slider to see what happens over time. Principal (P) = Rate (R%) = Time=0 Simple 130 125 120 115 110 105 100 95 90 85 80 75 YAMSI AUSTRALIAN MATHEMATICAL SCIENCES INSTITUTE 1 Year 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 0 1 2 3 4 5 6 7 8 9 10 Old Total $100 $? $? $? $? $? $? $? $? $? Simple interest Earned $0 $10 $10 $10 $10 $10 $10 $10 $10 $10 $10 New Total $100 $? $? $? $? $? $? $? $? $? $?
Comparing Simple and Compound Interest 100 10 Use the slider to see what happens over time. Principal (P) = Rate (R%) = Time=0 Simple 130 125 120 115 110 105 100 95 90 85 80 75 YAMSI AUSTRALIAN MATHEMATICAL SCIENCES INSTITUTE 1 Year 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 0 1 2 3 4 5 6 7 8 9 10 Old Total $100 $? $? $? $? $? $? $? $? $? Simple interest Earned $0 $10 $10 $10 $10 $10 $10 $10 $10 $10 $10 New Total $100 $? $? $? $? $? $? $? $? $? $?
Calculus: Early Transcendentals
8th Edition
ISBN:9781285741550
Author:James Stewart
Publisher:James Stewart
Chapter1: Functions And Models
Section: Chapter Questions
Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...
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Step 1
For simple interest, the interest is earned only on the initial Principal amount() while for compound interest, the interest is earned on the new total each time.
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