hildy22 hildy22

12-09-2022
Mathematics

Answered

I'm more sophisticated than my little sister. I save my money in a bank account that pays
me 3% interest on the money in the account at the end of each month. (If I take my money
out before the end of the month, I don't earn any interest for the month.) I started the
account with $50 that I got for my birthday. How much money will I have in the account at
the end of 10 months? How many months will it take to have at least $100? Justify your
answer with a mathematical model of the problem situation.

Answer :

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