Ask Question
12 March, 13:10

Interest: Mrs. Valdez decides to open an account

at "Vail Pride Bank" with an initial investment of

$500. She knows she will earn 17% interest each

month for being a Vail School District employee.

How much money does Mrs. Valdez make at the

end of the first month?

+4
Answers (1)
  1. 12 March, 16:14
    0
    Mrs. Valdez will make $85 at the end of the first month.

    Step-by-step explanation:

    Let y = amount of money Mrs. Valdez will make

    Let x = number of months since her investment

    y = 500 (0.17) ^x

    y = 500 (0.17) ^1

    y = 85^1

    y = 85
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Interest: Mrs. Valdez decides to open an account at "Vail Pride Bank" with an initial investment of $500. She knows she will earn 17% ...” in 📘 Mathematics if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers