George wants to invest $3,250. American Bank offers a simple interest rate of 4%, while Liberty Savings offers an interest rate of 3.75% compounded annually. How much more in interest will George earn after 8 years if he invests with Liberty Savings rather than American Bank?

We can see that the simple interest is better

Step-by-step explanation:

We calculate the simple interest and the compound interest values

Simple interest

I = PRT/100

I is principal

R is the rate

T is the time

I = (8000 * 4 * 8)/100 = 3,840

For the compound interest, we have that;

A = I( 1 + r)^n

A is the amount in the account after the saving period

I is the amount deposited

r is the rate

n is the number of years

Substituting these, we have that;

A = 3250(1 + 0.04)^8

A = 4447.85

The interest is this amount minus the deposit

That will be;

4447.85 -3250 = 1,197.5

the degrees would remain the same ( the number to the left of the decimal point.

the multiply the decimal by 60 to get the minutes and use the numbers to the left of the decimal point.

then multiply the decimal portion of that by 60 for the seconds and round off as needed.

39 .956652

the 39 remains the degrees.

the minutes = 0.956652 x 60 = 57.39912

the minutes = 57

the seconds = 0.39912 x 60 = 23.95 = 24 ( rounded to nearest tenth)

so 39.956652 = 39 degrees, 57 minutes and 24 seconds

-75.159809

the -75 remains the degrees

the minutes = 0.159809 x 60 = 9.58854

the minutes = 9

the seconds = 0.58854 x 60 = 35.31, rounded to nearest tenth = 35.3 seconds

so -75.159809 = -75 degrees, 9 minutes and 35.3 seconds.

the first coordinate is north or south, since it it positive it is north.

the second number is east or west, because it is negative it is west.

39 degrees, 57 minutes and 24 seconds n

-75 degrees, 9 minutes and 35.3 seconds w