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3 years ago

10

Sara Blake's grandmother gave her $3000.00 to save for college. She put it in a savings account that earns 6% interest per year.

The money was in the account for 8 years.

1 answer:

zubka84 [21]3 years ago

6 0

I assume you are looking for the total. The total amount in the account will be $4,781.54 if the interest is compounded annually.

If she is earning 6% interest, the balance in her account will be multiplied by 1.06 each year.

You can evaluate the following expression to find the total.
$3000(1.06)^8 = 4781.54$

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2 years ago

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3 years ago

Onya selected a pair of shoes for the regular price of $80. How much money will she save by using the 20% off coupon? Justify yo

professor190 [17]

Answer:

a. $Savings = \$16$

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Step-by-step explanation:

Solving (a):

$Price = \$80$

$Coupon = 20\%$

Required

Determine her savings.

$Savings = Coupon * Price$

$Savings = 20\% * \$80$

$Savings = \$16$

Solving (a):

$Price = \$120$

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Determine the price before tax

First, we need to determine her savings

$Savings = Coupon * Price$

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The price before tax is calculated as follows:

$Price = \$120 - \$24$

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