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.

x=-2

infinite number of lines, so there is an infinite number of equations.

step-by-step explanation:

there are an infinite number of line that passes through the point (-2,5)

x=-2   is one line that passes through the point

y = 5 is another line that passes through the point

(these two lines are perpendicular to each other).

since the number of   numbers are infinite and the slope is the ratio of two numbers,(change in y over change in x) we can have an infinite number of slopes.     our only condition is that it passes through the point (-2,5)