Three and seventy five hundredths............Hope I Helped! PS: I am a Middle Schooler and I know this!
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
What is the question you have?
Problem:
The area of the patio of a relative's house is 20 square meters.
The width of the patio is 2 meters.
What is the length of the patio?
Solution:
The area is:
A = (w) * (l)
Where,
w: width
l: long
Clearing l we have:
l = A / w
Substituting values:
l = 20/2
l = 10 meters
