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Vladimir79 [104]
3 years ago
6

Ricky spends $103. 19 in additional interest and charges on monthly payments as the result of a prior bankruptcy. If Ricky had b

een able to save this money for one year and then put it into a savings account earning 3.1% simple interest, how much money could he have in savings after two more years?
a $1,238.28
b. $1,276.67
c. $1,315.06
d. $2,476.56
Mathematics
1 answer:
erastova [34]3 years ago
5 0

Answer:

C. 1,315.06

Step-by-step explanation:

................

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Let the number of students being tutored by Mertin and his sister per month be<em> x.</em>

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Part A:

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According to question,

<em> z </em>= 120<em>x</em> - 760  .......(Eq. 1)

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Part B:

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Putting the value of <em>z</em> in above equation,

200 = 120 <em>x  </em>- 760

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