Help me fill the blank
1 answer:
You might be interested in
Answer:
Option c. $2,250
Step-by-step explanation:
we know that
The minimum household income needed for the given budget, must be equal at least to the sum of all categories values of the monthly budget
so
Find the sum of all categories values
therefore
The minimum household income needed for this budget is $2,250
Given that the received amount was $350 from a car wash, $337 from a bake sale, and $490 from a used equipment sale.
Also, the interest rate is 2.2 % and the time period is 3 years.
Thus, the total amount is as follows:
Next, the accumulated amount can be calculated as follows:
Further, solve the obtained result as follows:
Thus, the league will have $1256.40 in their account after 3 years.