I NEED HELP ASAP PLEASE!!!
1 answer:
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Answer:
First, subtract the budgeted amount from the actual expense. If this expense was over budget, then the result will be positive.
Next, divide that number by the original budgeted amount and then multiply the result by 100 to get the percentage over budget. If your expenses were lower than your budgeted amount, then this number will be negative, describing the percentage under budget.
Step One: Calculate interest.
Step Two: Calculate the amount at the end of the first year.
Step Three: Calculate the amount at the end of the second year. This will be your final answer.
$1357 balance
Step Two: Calculate the amount at the end of the first year.
Step Three: Calculate the amount at the end of the second year. This will be your final answer.
$1357 balance