Answer:
The amount that we should deposit in each bank is around $942.
Step-by-step explanation:
Case 1:
A=$1000
n = 12
t = 2
r = 3% or 0.03
p = ?
The compound interest formula is :
Substituting values in the formula;
=> 
=> 
p = $941.84
Case 2:
A=$1000
n = 365
t = 2
r = 3% or 0.03
p = ?
=> 
=> 
p = $941.76
The amount that we should deposit in each bank is around $942.
X<2.5
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Yes for the first one, yes for the second one, and yes for the third one although your subtraction equation had the wrong year (its not 1847 its 1846) but the answer was right, 65.
Take the cost and multiply by the percent. (I’m going to convert the percentage into a decimal)
14,675 * 0.07 = 1,027.25
$1,027.25 is how much extra money will have to be paid for the car.
Hope this helps.
