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.
O.17 because it can also be 0.170 witch is still bigger then 0.165
Welming's spending is $1164.8 and his savings is $291.2
<h3>How to determine the savings and the spending?</h3>
The given parameters are:
Weekly pocket = $28
Save = 20%
There are 52 weeks in a year.
So, the yearly pocket is:
Yearly pocket = $28 * 52
Evaluate
Yearly pocket = $1456
He saves 20%.
So, we have:
Savings = 20% * $1456
Evaluate
Savings = $291.2
His spending is then calculated as:
Spending = $1456 - $291.2
Evaluate
Spending = $1164.8
Hence, Welming's spending is $1164.8 and his savings is $291.2
Read more about percentage at:
brainly.com/question/843074
#SPJ1
Answer:
i got 48x as my answer if its wrong sorry
Answer:
x= 5 1/30
Step-by-step explanation:
hope this is fine :)
