Mr. and Mrs. Bailey need to invest $2906.50 so as to send their son to college.
<h3>
Compound interest</h3>
Compound interest is given by:
where A is the amount after t years, P is initial amount, r is the rate and n is the times compounded per period
Given that n = 1, r = 9% = 0.09, A = $7500 t = 11. Hence:
Mr. and Mrs. Bailey need to invest $2906.50 so as to send their son to college.
Find out more on Compound interest at: brainly.com/question/24924853
Answer:
<u>Hence final answer is B: Step 2.</u>
Step-by-step explanation:
Step 1: Find the total points needed to score in six games: 96x6=576
Justification:
Product of 96 and 6 is 576 which is same number found by Brenda. So step 1 is correct.
Step 2: Find the total points scored: 92+110+85+78=365
Justification:
Sum of total points scored by Brenda is 92+110+85+78= 461.
But she got different value 365.
Hence step 2 is wrong.
<u>Hence final answer is B: Step 2.</u>
Answer:
the answer to this question is 6/5
