5. You deposit $10,000 in an account that pays 6.92% annual interest. Find the balance after 5 years if the interest is compound
1 answer:
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Answer: $400
Step-by-step explanation:
So first you set it up in a equation. You put the amount she put in the bank over x (the x represents her full salary) which equals the percent she already spent over her full salary. That would be 120/x=30/100 you would then cross-multiply to get 12,000 = 30x. you then divide 30 from both sides to get x =400.
