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Marta_Voda [28]
2 years ago
14

Kellie has built her savings account to $7,800. She is transferring it to an account that earns 5.5% interest, compounded monthl

y. What will the balance of the account be in 16 years?
Mathematics
1 answer:
Pavel [41]2 years ago
7 0

Answer:

Kellie has built her savings account to $7,800. She is transferring it to an account that earns 5.5% interest, compounded monthly. What will the balance of the account be in 16 years?

Step-by-step explanation:

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\text{Hey there!}

\rightarrow\text{What does 12(6 - k) equal?}

\text{Well, the formula is: a(b + c) = a(b) + a(c) = ab + ac}

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\boxed{\boxed{\text{\bf{Thus, your answer is: 72 - 12k}}}}\checkmark

\text{Good luck on your assignment and enjoy your day!}

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