Provide an appropriate response.
-Find the amount by which the interest compounded annually is larger than the simple interest.
Round to the nearest cent. Use the formula 
to find the compound amount.
Principal: $620 Rate: 5% Years: 7
Definitions:
Information Collected
Data or facts obtained through research, observation, or documentation that are used for analysis or decision-making.
Taking Action
The phase of implementing strategies or decisions in order to achieve specific objectives.
Marketing Research Process
A systematic methodology for identifying a marketing problem, collecting data, analyzing information, and reporting findings to aid in making marketing decisions.
Final Step
The last action or phase in a process or procedure, marking the completion of an activity.
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