money in a particular savings account increases by about 6% after a year. how much money will be in the account after one year if the initial amount is $100? $50? $200? $125? x dollars? if you get stuck, consider using diagrams or a table to organize your work.

Question

Mathematics

Aries

28 March, 18:24

money in a particular savings account increases by about 6% after a year. how much money will be in the account after one year if the initial amount is $100? $50? $200? $125? x dollars? if you get stuck, consider using diagrams or a table to organize your work.

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Answers (1)

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Haiden Lin · Answer 1

FIRST STEP)

You have various initial capital C for it, the rate of interest is 6%, and the time is n = 1 year

second step

using the formula M = C [1 + (i*n) ] you calculate the values,

M1 = 100[1 + (0,06 * 1) ] = 106

M2 = 50[1 + (0,06*1) ] = 53

M3 = 200 (1,06) = 212

M4 = 125 (1,06) = 132,5

$100 $50 $200 $125

$106 $53 $212 $132,5