RELATIONS THAT SHOW A TOTAL OF $64 MORE INTEREST FOR MARCELLY AT THE END OF 4 YEA

Initial Investment 1000

Interest 0.1

SIMPLE INTEREST COMPOUND INTEREST

YEAR INTEREST TOTAL INTEREST2
0 1000
1 100 1100 100
2 100 1200 110
3 100 1300 121
4 100 1400 133.1
TOTAL 400 1400 464.1

IGNACIO P. SIERVO JR.

BSCE - 3A
193808
ENGINEERING ECONOMY: SPREADSHEET ACTIVITY
RCELLY AT THE END OF 4 YEARS

IN SIMPLE INTEREST:

COMPOUND INTEREST SHERYL RECEIVED A TOTAL OF $1400

TOTAL2
1000 IN COMPOUND INTEREST:
1100
MARCELLY RECEIVED A TOTAL OF $1464.1
1210
1331
1464.1
1464.1
DIFFERENCE:
$64.1