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
Learn more here:
brainly.com/question/3658861
Answer:y = 2x − -3 find the y and x and then identify if its zero slope or undefined.
Step-by-step explanation:
Answer:
100
Step-by-step explanation:
5×4=20
5×15=100
therefore 15 cups of flour can make 100 biscuits
2.9 × 1.7 = 4.93
After 1.7 seconds, the puck's speed would be 4.93 meters per second.
Answer:
78.962
Step-by-step explanation:
its just moving the decimal
