I CAN EXPLAIN HOW SMALL AMOUNTS OF MONEY GROW OVER TIME 8 22C 6 Mel...
90.2K
Verified Solution
Link Copied!
Question
Algebra
I CAN EXPLAIN HOW SMALL AMOUNTS OF MONEY GROW OVER TIME 8 22C 6 Mel decides to start depositing 75 each month into an interest earning savings account She does not make any additional deposits or withdrawals a After 10 years how much will Mel have contributed to the account b According to her online calculations the balance of Mel s account will be 12 352 41 Is this more or less than what she contributed and why
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
