Each month, the balance in Freda's bank account is 1.003 times as large as the previous month's due to interest. If Freda does not deposit or withdraw any money from this account and she begins with $2500, find the balance in this account at the beginning of the 36th month.
Stacey Warren - Expert brainly.com
Hey! We 've verified this expert answer for you, click below to unlock the details :)
At vero eos et accusamus et iusto odio dignissimos ducimus qui blanditiis praesentium voluptatum deleniti atque corrupti quos dolores et quas molestias excepturi sint occaecati cupiditate non provident, similique sunt in culpa qui officia deserunt mollitia animi, id est laborum et dolorum fuga.
Et harum quidem rerum facilis est et expedita distinctio. Nam libero tempore, cum soluta nobis est eligendi optio cumque nihil impedit quo minus id quod maxime placeat facere possimus, omnis voluptas assumenda est, omnis dolor repellendus.
Itaque earum rerum hic tenetur a sapiente delectus, ut aut reiciendis voluptatibus maiores alias consequatur aut perferendis doloribus asperiores repellat.
I got my questions answered at brainly.com in under 10 minutes. Go to brainly.com now for free help!
What you want to do is multiply 2500 by 1.003, which will get you 2507.5. Freda has $7.50 more this month. Now multiply 2507.5 by 1.003
Actually what you will want to do is multiply 2500 by 1.003 36 times and the resulting number will be the amount of money in her bank on the 36th month.