Ask Question
17 April, 19:57

money in a particular savings account increases by about 6% after a year. how much money will be in the account after one year if the initial amount is $100? $50? $200? $125? x dollars? if you get stuck, consider using diagrams or a table to organize your work.

+1
Answers (1)
  1. 17 April, 20:34
    0
    FIRST STEP)

    You have various initial capital C for it, the rate of interest is 6%, and the time is n = 1 year

    second step

    using the formula M = C [1 + (i*n) ] you calculate the values,

    M1 = 100[1 + (0,06 * 1) ] = 106

    M2 = 50[1 + (0,06*1) ] = 53

    M3 = 200 (1,06) = 212

    M4 = 125 (1,06) = 132,5

    $100 $50 $200 $125

    $106 $53 $212 $132,5
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “money in a particular savings account increases by about 6% after a year. how much money will be in the account after one year if the ...” in 📙 Mathematics if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers