Question

1) Kyle puls $740 in the

bank for 5.5 years with a
27% interest rate. How
much money does he
have in the bank all
together after 5.5
years

Answer 1

1,838.90

Explanation:

Annual interest rate 27%=0.27 per year.

Solving our equation:

A = 740(1 + (0.27 × 5.5)) = 1838.9

A = $1,838.90

Answer 2

Explanation in pic. Let me know if you have questions about the explanation! hope this helps!!