In order to save for her high school graduation, Ruby decided to save Php 200.00 at the end of each month. If the bank pays 12% compounded monthly, how much  helr money be at the end of 6 years?

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter9: Sequences, Probability And Counting Theory
Section9.4: Series And Their Notations
Problem 56SE: To get the best loan rates available, the Riches want to save enough money to place 20% down on a...
icon
Related questions
Question

Problem: In order to save for her high school graduation, Ruby decided to save Php 200.00 at the end of each month. If the bank pays 12% compounded monthly, how much  helr money be at the end of 6 years?

4G
4G
9:34
26
Directions: Read the problem carefully and then write your solution in a separate
sheet of paper.
Problem: In order to save for her high school graduation, Ruby decided to save
Php 200.00 at the end of each month. If the bank pays 12% compounded monthly,
how much will her money be at the end of 6 years?
Activity 2: Whať's my present?
Directions: Read the problem carefully and then write your solution in a
separate sheet of paper.
Problem: Mr. Palma paid Php 200 000 as down payment for a car. The
Transcribed Image Text:4G 4G 9:34 26 Directions: Read the problem carefully and then write your solution in a separate sheet of paper. Problem: In order to save for her high school graduation, Ruby decided to save Php 200.00 at the end of each month. If the bank pays 12% compounded monthly, how much will her money be at the end of 6 years? Activity 2: Whať's my present? Directions: Read the problem carefully and then write your solution in a separate sheet of paper. Problem: Mr. Palma paid Php 200 000 as down payment for a car. The
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Recommended textbooks for you
College Algebra
College Algebra
Algebra
ISBN:
9781938168383
Author:
Jay Abramson
Publisher:
OpenStax
Intermediate Algebra
Intermediate Algebra
Algebra
ISBN:
9781285195728
Author:
Jerome E. Kaufmann, Karen L. Schwitters
Publisher:
Cengage Learning
Algebra for College Students
Algebra for College Students
Algebra
ISBN:
9781285195780
Author:
Jerome E. Kaufmann, Karen L. Schwitters
Publisher:
Cengage Learning