Answer:
$6,506.51
Step-by-step explanation:
Recall that increasing an amount C in x% is equivalent to multiply it by (1+x/100)
As we have 4% APR, the monthly interest would be (4/12)% = 0.04/12
<u>Month 0</u> (first payment)
$250
Month 1

<u>Month 2</u>

<u>Month 3</u>

<u>Month 24 (2 years)</u>

The sum

is the sum of the first 24 terms of a geometric sequence with common ratio
which is

so, after 2 years the saving balance is
250*26.02603071 = 6,506.50767= $6,506.51 rounded to the nearest cent.
Simply put, its a LONGER way to do division. You take a longer time on showing the work.
Answer:
$1.53
Step-by-step explanation:
The computation of the change in the bill is shown below:
Total money he has to pay is
= $8.33 + $2.25
= $13.47
And, he have
= $10 + $5
= $15
So, the change would be
= $15 - $13.47
= $1.53
Answer:
2.865
Step-by-step explanation:
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Answer:
Simplified: C/2 -4
Step-by-step explanation:
the "/" means fraction