$264 is the annual interest therefore $744 is the balance in year 1
They had the same quotient because both of those equations are equal
Answer:
£15120
Step-by-step explanation:
60-18= 42 years
42×12= 504 months
504×30=£15120
550 * 1.03 = 566.5 (Year 1)
566.5 * 1.03 = 583.495 (Year 2)
583.495*1.03 = 600.99985 (Year 3)
You can safely assume this is your answer: $601.00
