Answer:
Up 1 and over 3
Step-by-step explanation:
Assuming Jerry calculates that if he makes a deposit of $6 each month at an APR of 4.8%, then at the end of two years the correct balance will be: $158.5
First step is to determine Jerry total deposit
over the two years
Total deposit = 24×$5
Total deposit= $144
Now let determine what the correct balance will be at end of two years
Using this formula
Maximum Amount=Principal (1+r)^t
<em>Where</em>:
Principal=$144
r=4.8%/12 = 0.4% or 0.004
t=24 months
Let plug in the formula
Maximum Balance = $144 (1.004)^24
Maximum Balance = $158.5
Based on the above calculation both Jerry $100 and Benny $163 balance are eliminated or rule out because the correct balance after two years is $158.5
Inconclusion Assuming Jerry calculates that if he makes a deposit of $6 each month at an APR of 4.8%, then at the end of two years the correct balance will be: $158.5
Learn more here:
brainly.com/question/3658861
Step-by-step explanation:
There are 40 DuBois students going on a field trip.
Each one pays their teacher $8.75 to cover admission to the museum and lunch.
Admission for the students is $120 and each one gets an equal amount to spend on lunch.
To Find :
How much will each DuBois student be able to spend on lunch.
Solution :
Amount they paid for admission :
\begin{gathered}P =\$ \dfrac{120}{40}\\\\P=\$3\end{gathered}P=$40120P=$3
Now, amount of money to spend on lunch is 8.75 -8.75−3 = $5.75 .
Hence, this is the required solution.
Answer:
3x-x+2=4
Step-by-step explanation:
