what r the characteristics?
Here you go hope this helps you.
Answer:
18,480
Step-by-step explanation:
you would fine how much she put in the bank in the first place!
250,000-96,000=154,000
Then you would do 154,000*0.02 to find how much interest is charged per month.
154,000*0.02=3080
Finally, you would multiply 3080 by 6 {because you need to account for all of the months}.
3080*6=18,480
11.04 = 10(1.02)^n
1.104 = 1.02^n
ln 1.104 = ln 1.02^n
ln 1.104 = n ln 1.02
n = ln 1.104/ ln 1.02
n = 4.99630409516 (5 if rounded)
