Travis invested $9,250 in an account that pays 6 percent simple interest. How much more could he have earned over a 7-year period if the interest had compounded annually

$773.58

Explanation:

From the question, we are told that Travis invested $9,250 in an account that pays 6 percent simple interest over a 7 year period.

We need to calculate the simple interest first. This will be:

= PRT/100

where

P = principal = $9250

R = rate = 6%

T = time = 7 years

Simple interest = (9250 × 6 × 7)/100

= $388500/100

= $3885

Amount after 7 years will now be:

= $9250 + $3885

= $13135

If the interest was compounded annually, this will be:

FV = PV(1 + r)^n

= $9,250(1 + 0.06)^7

= $13,908.58

Therefore, the difference will be:

= $13,908.58 - $13,135

= $773.58

apex verified answer < 3

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i really hope this < 3 < 3 < 3

answer: marginal utility of the fourth brownie is 0.

explanation: marginal utility is the addtional utility gained from the consumption of one more unit of a good. it is given by,

so, marginal utility at the 4th unit will be given by

since, the values are not given here, you can simply find marginal utility at fourth unit by subtracting total utility at 3rd unit from total utility at 4th unit.