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Lisa [10]
3 years ago
5

ravi deposited $950.00 into a savings account at his local bank. if the interest rate is 2.5% then how much will he have after 6

months
Mathematics
1 answer:
shusha [124]3 years ago
6 0
Its an exponential function. The equation is
Y=950(1-0.025)^6
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Step-by-step explanation:

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Exact interest is calculated on the basis of a 360-day year, so the ordinary interest on the loan would be ...

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I suggest you check your reference materials (text or course examples) to see what year length is expected to be used in this calculation. Some on-line references show it one way; others show it the other way.

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Step-by-step explanation:

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At what angle do the angle bisectors of two same side interior angles intersect in construction with two parallel lines and a tr
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