Suppose you deposited $300 in the bank and left it there for 2 years. If the bank pays 7% interest, compounded each year, how much money would you have at
the end of the 2 years? You may use a calculator. (Hint: Make a chart showing each
year’s balance and interest.)

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Ответ:

maksims32592

28.02.2020

Mathematics

an arithmetic series increases or decreases by a constant amount

its the third choice - in this case the common difference is -1.

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Suppose you deposited $300 in the bank and left it there for 2 years. If the bank pays 7% interest, compounded each year, how much money would you have at the end of the 2 years? You may use a calculator. (Hint: Make a chart showing each year’s balance and interest.)