What is the total amount, including interest, that the shoe store must pay on the loan? (2 points)
2 answers:
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<h3>After 6 weeks from now you will have $190 in your bank account</h3>
<em><u>Solution:</u></em>
Given that,
You have $55 in your bank account
Each week you deposit $8 from your allowance and $15 from your paycheck
<em><u>The equation that gives the amount b in your account after w weeks is:</u></em>
b = 55 + (15 + 8)w
<em><u>How many weeks from now will you have $190 in your bank account ?</u></em>
b = 190
w = ?
Therefore,
190 = 55 + (15 + 8) w
190 = 55 + 23w
23w = 190 - 55
23w = 135
Divide both sides by 23
Thus after 6 weeks from now you will have $190 in your bank account