148k views
21 votes
Consider a person's savings account, which is initially empty. Each month, they receive a paycheck for $2700. Their expenses for rent, utilities, food, leisure activities, and all other miscellaneous purchases this month totaled to $1300. In addition, interest on credit card debt had to be paid, to the amount of $60. Finally, the savings account has an incredible interest rate of 7% per month, applied to the balance on the last day of each month. How much money did this person accumulate, in dollars, by the end of the month

1 Answer

9 votes

Answer:

856 dollars is in their savings

Step-by-step explanation:

it acquired 56 dollars in interest from the 800 saved

User Bkbkbk
by
6.9k points
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.