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That depends on whether it's simple interest or compound interest.

If compound, then it also depends on how often interest is compounded.

Examples:

$1,200 at 4% simple interest for 30 years adds up to $2,640.

$1,200 at 4% interest compounded quarterly for 30 years adds up to $3,960.46.

You can see that it does make a difference.

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โˆ™ 2009-11-21 05:34:34
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Algebra

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A polynomial of degree zero is a constant term

The grouping method of factoring can still be used when only some of the terms share a common factor A True B False

The sum or difference of p and q is the of the x-term in the trinomial

A number a power of a variable or a product of the two is a monomial while a polynomial is the of monomials

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Q: You deposit 1200 dollars a year at 4 percent interest what is your balance at the end of 30 years?
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