What would my final balance be if I put $650 in the bank for 60 months with an interest rate of 6%?
1 answer:
It depends on the terms of the account.
If interest is compounded annually, 650*1.06^5 ≈ 869.85 . . . . dollars.
If interest is compounded quarterly, 650*1.015^20 ≈ 875.46 . . dollars.
If interest is compounded monthly, 650*1.005^60 ≈ 876.75 . . .dollars.
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Hi!
The scale factor is 3.
You just have to divide 6/2 to get 3.
(2,1) is the solution because its where they both intersect..
Try using the back of the book.
Answer: CIRCLE C
Step-by-step explanation:
The correct answer should be :
Option 3 : 
Hope this helps,
Davinia.
