The answer is $654.06.
5.5% of $575 is $31.63. 575 x 0.055 = 31.63
This means that in one year he earns $31.63. In two years it will be $63.25 (31.63 x 2 = 63.25)
Then in half a year it will be $15.81 (31.63/2 = 15.81)
Finally add 15.81 and 63.25 to get $79.06 which you then add to the initial $575 to get the total amount earned in 2 1/2 years which is $654.06.
I'm pretty sure 10/63 is simplified.
Answer:
After 2 months
Step-by-step explanation:
Isabelle has $1520 in her bank account and she makes automatic $760 monthly payments on a home loan.
If she stops making deposits to that account, then a monthly $760 will be deducted from her account.
After 1 month the balance in her account will become $[ 1520 - 760 ] = $760 and then after 2 months the balance will become $[ 760 - 760 ] = $0
Therefore, after 2 months her account will have zero balance. (Answer)
