subject
Mathematics, 09.11.2020 16:20 bunbun2913

Ari wants to save up to buy a new computer, which costs $1,100. She received $500 for her graduation and decides to invest the money in a fund where she can earn interest on her money. Use the simple interest formula for plan A and the compound interest formula for plan B. Plan A Plan B 6.5% interest on the original balance each month for 12 months. 6.5% interest on the balance in the account each month. Ari has previously determined that she should use plan B because she will have $890.00 after 12 months using plan A and $1,064.55 after 12 months using plan B. After 12 months, she still does not have enough money to buy the computer. How many more months will it take her to reach $1,100 using plan B? Using Plan B, Ari would need nothing more month(s) to buy her computer.

ansver
Answers: 1

Another question on Mathematics

question
Mathematics, 21.06.2019 13:10
What can be said about the relationship between triangles and circles? check all that apply. a) many circles can be inscribed in a given triangle b) exactly one triangle can be inscribed in a given circle c) exactly one circle can be inscribed in a given triangle d) many triangular shapes can be circumscribed about a given circle
Answers: 1
question
Mathematics, 21.06.2019 17:00
The angle of a triangle are given as 6x,(x-3), and (3x+7). find x then find the measures of the angles
Answers: 2
question
Mathematics, 21.06.2019 23:30
Can someone me with my math problem pls my teacher is on my back about this
Answers: 2
question
Mathematics, 21.06.2019 23:30
Which graph represents the same relation is the sa which graph represents the same relation as the set {(-3-2)}
Answers: 3
You know the right answer?
Ari wants to save up to buy a new computer, which costs $1,100. She received $500 for her graduation...
Questions
question
Computers and Technology, 02.10.2021 19:00
question
Mathematics, 02.10.2021 19:00
Questions on the website: 13722360