Answered

IDNLearn.com provides a user-friendly platform for finding and sharing accurate answers. Ask your questions and receive comprehensive and trustworthy answers from our experienced community of professionals.

Dean homes deposit $15.50 dollars in his bank account each month. If his bank account had a balance of $120 at the beginning of the year, what was the amount in his bank account at the end of one year?

Sagot :

Given data:

The initial amount in the account is i=$15.50.

The amount deposit per month is a=$120/month.

The final amount at the end of the year is,

[tex]\begin{gathered} F=15.50+12(120) \\ =1,455.5 \end{gathered}[/tex]

Thus, the final amount at the end of the year is $1,455.5.

We appreciate your participation in this forum. Keep exploring, asking questions, and sharing your insights with the community. Together, we can find the best solutions. Your search for answers ends at IDNLearn.com. Thank you for visiting, and we hope to assist you again soon.