Elias deposited $100 at the end of each month for five years into an account paying 6% compounded monthly. What will be the balance in the account at the end of the five-year term?
Select one:
O a. $9677
O b. $6797
O
c. $7967
d. $6977

step-by-step explanation:

you could do this simply by given the two numbers initial values.

x = 100

y = 200

x is increased by 50% which means that x becomes (100% + 50%) = 150%

y is decreased by 20% which means that y becomes (100% - 20%) = 80%

x becomes 100 * 150/100 = 150

y becomes 200 * 80/100 = 160

original product = 100 * 200 = 2

new product = 150 * 160 = 24000

but is this the right answer? i could be. the problem is that if you interchange the numbers, you will get a different answer and the % increase is not the same. the question is ambiguous. it is intended to work with x and y as the two numbers and not a specific value.