Question

I NEED HELP FAST ON #6 PLEASE HELP!

Answer 1

Answer:

money owed (in order): $850, $870.40, $891.29, $912.68

Step-by-step explanation:

The formula is

money owed = amount owed the previous week + amount owed previous week × interest rate (in decimal form)

so thats:

money owed = amount owed the previous week + amount owed previous week × 0.024

we can simplify that to:

money owed = amount owed the previous week x (1.024)

after 0 weeks:

$850 (just started, no interest added)

after 1 week:

$870.40

after 2 weeks:

$891.29

after 3 weeks:

$912.68