mike opened a savings account and deposited $300.00. The account earns 11% interest, compounded annually. If he wants to use the
money to buy a new bicycle in 2 years, how much will he be able to spend on the bike?
1 answer:
He will be able to spend 366 for the bike because every year he gets 33 dollars(the 11% interest)
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Answer:
Ah Thanks so much
Step-by-step explanation:
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Answer:
Wow everyone is being so noice today is today some kind of special occassion?
Here is something that can help you
X/3 = 8/12
12 * x = 8 * 3
12x = 24
x = 2
8/12 = 4/y
8y = 48
y = 6
The answer is x=11
4x-30=14
You add 30 to each side=4x=44
Then you divide 44 by 4 which=11
