Part 1 of 4
Ari wants to save up to buy a new computer, which costs $1100. She received $500 for her graduation and decides to invest her money in a fundi
interest formula 1 = prt and the compound interest formula A=p(1 + r) to answer 1-4.
Plan A
6.5% interest on the original balance
each month for 12 months
Plan B
6.5% interest on the balance in the
account each month
1. How much money would Ari have after 12 months using Plan A?
(Round to the nearest cent as needed.)
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