Delicious Donuts sells their donuts in different size packages as shown below. Which box of donuts is the better buy? *
2 answers:
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Given:
saves 150 per month.
3% per annum ; 0.0025% per month.
compounded interest means that every interest earned per month also earns interest.
2 years = 24 months.
Pls. see attachment for my answer.
saves 150 per month.
3% per annum ; 0.0025% per month.
compounded interest means that every interest earned per month also earns interest.
2 years = 24 months.
Pls. see attachment for my answer.