Mathematics, 20.01.2021 03:20 sarinaneedshelp01
Jerry says, “I’ve got my money in a great account that compounds interest monthly. The
equation y = 388(1.008) represents how much money I have at the end of any month.” What is m
Jerry’s monthly interest rate? What is his annual interest rate? Write an equation to represent your
total money if you invest $500 in an account with the same rate of return. Let m represent the number
of months the money has been invested.
Answers: 2
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Jerry says, “I’ve got my money in a great account that compounds interest monthly. The
equation y =...
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