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?

Question

Mathematics

Angeline

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)

Know the Answer?

Serena Francis · Answer 1

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

Interest: Mrs. Valdez decides to open an accountat "Vail Pride Bank" with an initial investment of$500. She knows she will earn 17% interest eachmonth for being a Vail School District employee.How much money does Mrs. Valdez make at theend of the first month?

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?