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glorygurllnene
09.04.2020 •
Mathematics
Question 1
A bank account that earns 1% interest each month has
a balance of $1,500. Any interest is deposited into the
account, and no further deposits or withdrawals are
made.
Noah thinks that after two months the balance will be
$1,530 because 2% of 1,500 is 30.
Do you agree with Noah? Explain your reasoning,
Solved
Show answers
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Ответ:
I do not agree with Noah.
Step-by-step explanation:
A bank account that earns 1% interest each month has a balance of $1,500.
Now, any interest is deposited into the account, and no further deposits or withdrawals are made.
So, we can assume that the interest is compounded every month.
Therefore, after 2 months the balance in the account will be
If the interest was to be applicable in simple interest then the balance in the account after 2 months would have been $1530.
Therefore, I do not agree with Noah. (Answer)
Ответ:
7/8
Step-by-step explanation:
150-80=70
70/80 simplest form is 7/8