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Airida [17]
3 years ago
15

Ricky spends $103.19 in additional interest and charges on monthly payments as the result of a prior bankruptcy. If

Mathematics
2 answers:
Firdavs [7]3 years ago
7 0

9514 1404 393

Answer:

  C.  $1,315.06

Step-by-step explanation:

Saving 103.19 per month for 12 months would give Ricky the amount of ...

  12 × $103.19 = $1238.28

The amount of interest earned on this amount in one year is ...

  I = Prt = $1238.28·0.031·1 = $38.39 . . . . rounded to nearest cent

Then the balance after 2 years will be ...

  $1238.28 +2 × $38.39 = $1315.06

Vsevolod [243]3 years ago
4 0

Answer:

c

Step-by-step explanation:

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