Equation Help For Thank You
1 answer:
You might be interested in
Answer:
Step-by-step explanation:
Suppose, is initial amount in the saving account,
Here, the annual interest rate is 6% and additional amount in each year is $ 50,
So, the amount after one year,
Amount after 2 years,
Amount after 3 years,
................................., so on....
Hence, by following the pattern,
The amount after n years,
Which is the required recurrence relation for the amount of money in a savings account
Answer:
Ed and Sheerie save 7.5%.
Step-by-step explanation:
This question can be solved using a rule of three.
Ed and Sherrie save $90 each pay period from their combined paychecks, which total $1200. What percent do Ed and Sherrie save?
How much of $1200 is $90? $1200 is 100% = 1, $90 = x. So
$1200 - 1
$90 - x
Ed and Sheerie save 7.5%.