Assuming Jerry calculates that if he makes a deposit of $6 each month at an APR of 4.8%, then at the end of two years the correct balance will be: $158.5
First step is to determine Jerry total deposit
over the two years
Total deposit = 24×$5
Total deposit= $144
Now let determine what the correct balance will be at end of two years
Using this formula
Maximum Amount=Principal (1+r)^t
<em>Where</em>:
Principal=$144
r=4.8%/12 = 0.4% or 0.004
t=24 months
Let plug in the formula
Maximum Balance = $144 (1.004)^24
Maximum Balance = $158.5
Based on the above calculation both Jerry $100 and Benny $163 balance are eliminated or rule out because the correct balance after two years is $158.5
Inconclusion Assuming Jerry calculates that if he makes a deposit of $6 each month at an APR of 4.8%, then at the end of two years the correct balance will be: $158.5
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brainly.com/question/3658861
We are asked in the problem to devise a polynomial equation that has a GCF of 6 which means each of the terms can be divided to 6. For example: 6*(x^2 + x+1) = 6x^2 + 6x +6. This polynomial is created by multiplying each terms by the number 6 which is distinguished by factoring.
No. If she selects a breakfast at random there is an equal chance she will select each item. 25% chance she will select oatmeal, 25% chance she will select cereal, 25% she will select french toast, and a 25% chance she will select scrambled eggs.
Answer:
I think it would be
t(15,200)¹'⁰⁴
I used an apostrophe up there, but it's supposed to be a dot, so to the power of 1.04
10% = 6
25% = 15
50% = 30
20% = 12
