Find the difference in the balance between simple interest at 5% and compound interest at 6% when $900 is invested for a period of 5 years.(1 point)
225
79.40
1204.40
304.40
To find the difference in the balance between simple interest at 5% and compound interest at 6%, we need to calculate the balances using both methods.
For simple interest, we can use the formula:
Simple Interest = Principal * Rate * Time
Simple Interest = 900 * 0.05 * 5
Simple Interest = 225
The balance with simple interest after 5 years will be the principal plus the simple interest:
Simple Interest balance = Principal + Simple Interest
Simple Interest balance = 900 + 225
Simple Interest balance = 1125
For compound interest, we can use the formula:
Compound Interest = Principal * (1 + Rate)^Time - Principal
Compound Interest = 900 * (1 + 0.06)^5 - 900
Compound Interest ≈ 304.40
The difference in the balance between simple interest and compound interest is:
Difference = Compound Interest - Simple Interest
Difference ≈ 304.40 - 225
Difference ≈ 79.40
Therefore, the difference in the balance between simple interest at 5% and compound interest at 6% when $900 is invested for a period of 5 years is approximately 79.40. The correct answer is 79.40.
You are correct! thank you!
You're welcome! I'm glad I could help. If you have any more questions, feel free to ask.
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I'm not a doctor, but I can provide some general information about cancer diagnosis. Detecting cancer typically involves a combination of medical history evaluation, physical examination, and specific tests. Some common steps in the diagnosis process may include:
1. Medical history: Your doctor will ask about your symptoms, risk factors, and any relevant family medical history.
2. Physical examination: A physical examination may be done to check for any abnormalities or signs of cancer.
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4. Pathology: If a biopsy is performed, a pathologist will examine the tissue sample under a microscope to determine if there are any cancerous cells present.
5. Staging: If cancer is detected, further tests may be done to determine the stage of cancer, which can help guide treatment decisions.
It's important to remember that only a medical professional can diagnose cancer. If you have concerns about your health or suspect that you may have cancer, it's best to consult a healthcare provider who can evaluate your specific situation and recommend the appropriate tests and evaluations.
What is stomach cancer
Stomach cancer, also known as gastric cancer, is a type of cancer that begins in the cells of the stomach. It is one of the leading causes of cancer-related deaths worldwide.
There are several types of stomach cancer, but the most common type is adenocarcinoma, which starts in the cells that line the innermost layer of the stomach. Other less common types include lymphomas, gastrointestinal stromal tumors (GISTs), and carcinoid tumors.
Stomach cancer often develops slowly over many years and may not cause noticeable symptoms in its early stages. However, as the cancer progresses, symptoms may include persistent indigestion, stomach pain, nausea, unintentional weight loss, appetite loss, and blood in the stool or vomit.
Risk factors for stomach cancer include infection with Helicobacter pylori bacteria, a diet high in smoked, cured, or salted foods, family history of stomach cancer, chronic stomach inflammation (gastritis), smoking, obesity, and certain genetic conditions.
Diagnosis of stomach cancer typically involves a combination of medical history evaluation, physical examination, imaging tests (such as CT scans or endoscopy), and biopsy. Treatment options for stomach cancer may include surgery, chemotherapy, radiation therapy, targeted therapy, or a combination of these approaches. The most appropriate treatment will depend on factors such as the stage of cancer and the individual's overall health.
If you suspect you may have stomach cancer or have concerns about your digestive health, it is important to consult with a medical professional who can provide an accurate diagnosis and guide you through the appropriate next steps.
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The survival rate for stomach cancer can vary widely depending on various factors, including the stage at diagnosis, the individual's overall health, the type of stomach cancer, and the specific treatment received. It is difficult to provide an exact prognosis for an individual without specific information about their particular case.
Generally, the earlier stomach cancer is detected and treated, the better the chances of survival. If the cancer is found at an early stage before it has spread to other organs or lymph nodes, the five-year survival rate can be relatively high. However, if the cancer is diagnosed at a more advanced stage, the prognosis may be less favorable.
It's important to understand that survival rates are statistical estimates based on large groups of people, and individual outcomes can vary widely. Therefore, it's crucial for a person with stomach cancer to work closely with their healthcare team to develop a personalized treatment plan and to discuss their specific prognosis and life expectancy.
If someone is diagnosed with stomach cancer, it is recommended that they consult with their healthcare provider who can provide more accurate information based on their individual circumstances. They can discuss the available treatment options, potential side effects, and provide guidance and support throughout the journey.