Step-by-step explanation:
Let S be the amount in a savings account.
Let m be the number of months.
General equation
S = 132 + 27m
Specific question
July is the 7th month of the year including both January and July.
S = 132 + 7*27
S = 132 + 189
S = 321
Reasonableness?
Good question. You could estimate an answer.
Start with 150 dollars and say that you add 25 a month.
7 * 25 = 175
S = 150 + 175 = 325 All of this was done in my head. Since the exact answer obtained using the formula is 321, I think that's pretty reasonable using my estimate is a guide.
Since we are looking for the principal amount, then all we have to do is reverse the process of getting the amount of tax. In order to get the principal, you just have to divide 22 with 0.05. The answer is 440 so that is the principal amount you are looking for.
Answer:
7/c
Step-by-step explanation:
