asked 234k views
3 votes
What is the TOTAL BALANCE *
A $1633.50
B $5989.50
C $6253.60

What is the TOTAL BALANCE * A $1633.50 B $5989.50 C $6253.60-example-1
asked
User Plazgoth
by
8.1k points

1 Answer

6 votes
The answer would be B

Because the 7.5% of 4356 is 326.7 and you pay interest every year, and in the question it is asking for your balance in 5years so you multiply 326.7 by 5 and you get 1633.5 then you add that to the savings account and you get 5989.50, the equation is y=4356+326.7x
answered
User Nitro Zark
by
8.4k points
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