Jillene spends $240 on a new business the first month. If she spends 24% more each month, approximately how much will she spend (total sum) in 6 months?

Jillene will spend $345.60 in 6 months.

Step-by-step explanation:

To find the answer we will turn 24% into a decimal.  24% ÷ 100 = 0.24.  Now multiply 0.24 by $240 and we get $57.60.  Because we are trying to find how much Jillene will spend in 6 months, we will multiply $57.60 by 6, which is $345.60.  Therefore, $345.60 is our answer.

answer: the value should be used for i in the formula of calculation the monthly payment , the interest rate per period is 0.85.

step-by-step explanation:

the given rate of interest i= 85%

in calculating the monthly payment for a loan with an interest rate compounded monthly, the value of the interest rate per period we use in the formula must be in decimal form.

to convert it in decimal, we divide it by 100, we get

hence, the value should be used for i in the formula of calculation the monthly payment , the interest rate per period is 0.85.