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andreyandreev [35.5K]
2 years ago
8

Timmy has deposited $900 in a savings account that pays 1.75 % interest. If Timmy leaves the money in the account for three year

s, how much interest will he earn each year AND in total?
Mathematics
1 answer:
horrorfan [7]2 years ago
3 0
Im assuming that it adds interest per month
12  \times 3 = 36
9=1%
15.75=1.75%
15.75 x 36 = answer
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Answer:

x>9

Step-by-step explanation:

Tamika already has $55, which will stay the same independent of how much time passes. Since she deposits $5 per week, we can assign weeks a variable x. The amount of money in her account after x weeks is equal to 55+5x. If she must save over $100, we can create an inequality to solve for how many weeks must pass: 55+5x>100.

The question also asks to solve the inequality:

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This solution tells us that Tamika must save for more than nine weeks to have more than $100 in her account.

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