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

Algebra and Trigonometry (6th Edition)

6th Edition

ISBN:9780134463216

Author:Robert F. Blitzer

Publisher:Robert F. Blitzer

ChapterP: Prerequisites: Fundamental Concepts Of Algebra

Section: Chapter Questions

Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...

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Question

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

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