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Can someone help me out on this problem and show work
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Can someone help me out on this problem and show work

Can someone help me out on this problem and show work-example-1
User Eustace
by
3.6k points

1 Answer

1 vote

Answer: 4230.14

Explanation:

The amount that the balance is multiplied by each month is


(2448)/(2040)=1.2.

So, after t months, the balance is
1700(1.2)^(t-1).

Substituting in t=6, we get the balance is


1700(1.2)^(6-1)=\boxed{4230.14}, to the nearest hundredth.

User Prasanta Biswas
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3.3k points
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