Answer:
$1650
Step-by-step explanation:
Based on the question, we don't need the information that Mike wants to save 1750 in 12 months.
We just need to focus on how he is saving 150 every month, for 11 months.
150*11=1650
He will save $1650 if he saves $150 every month for 11 months.
Answer:
D
Step-by-step explanation:
Converting percent to decimal : 2.2/100 = 0.022
Finding 2.2$ of $75k : 75,000 x 0.022 = $1,650 (also the increase in one year)
Finding how much it was worth after 11 years :
(75,000 x 0.022) x 11 = $18,150 or 1,650 x 11 = $18,150
Now add the product to the regular amount to find out the answer:
75,000 + 18,150 = $93,150 (which is how much it increased after 11 years)
Answer:
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