Abank made a farmer loan of $1,000 at 14% for 3 years compounded annually. find the future value and the compound interest paid on the loan. compare the compound interest with simple interest for the same period.
future value = $
compound interest = $
simple interest = $
compound interest is = $ more than simple interest.

Principal =  $1,000

Rate of interest = 14% = 0.14

Time = 3 years

A = Amount or future value

P = Principal

r = rate of interest in decimals

t = time

Substitute the values in the formula

Future Value is $1481.544

Compound interest = Amount - Principal = $1481.544- $1000 = $481.544

Formula of simple interest :

Substitute the values :

So, Simple interest = $420

Compound interest - Simple interest

= $481.544- $420

= $61.544

So, Compound Interest is $61.544 more than simple interest.

the data of the detroit pistons in numerical order from least to greatest is 0.30, 0.37, 0.55, 0.62, 0.69, 0.72, 0.73, 0.75, 0.77, 0.78, 0.80, 0.81, 0.81, 0.83, 0.84, 0.89

the data of the miami heat in numerical order from least to greatest is 0.50, 0.50, 0.56, 0.57, 0.67, 0.72, 0.72, 0.72, 0.75, 0.75, 0.76, 0.81, 0.82, 0.90, 1.00, 1.00

the detroit pistons median : 1.52

the miami heat median: 1.47

the iqr of this data is 0.05

idk

step-by-step explanation: