Question

Cindy borrowed the same amount of money from a bank and a friend. The table below shows the amount, in dollars, that Cindy would owe them after different numbers of years:


Year
1
2
3
4
Bank
102.50
105.06
107.69
110.38
Friend
103
106
109
112


Which statement is true about the money Cindy would owe the bank and her friend after 30 years?
She would owe the bank more money.

She would owe her friend more money.

She would owe both the same amount of money.

She would owe her friend twice the amount she borrowed.

Answer 1

rate of interest of bank should be known

Answer 2

@Amber1997

Answer 3

so D? @swarup169

Answer 4

@Amber1997

Answer 5

the interest is increasing by 0.06 each year :P

Answer 6

so D? @aajugdar

Answer 7

calculate it xD

Answer 8

ok i will tell you how

Answer 9

first year's interest is 2.56

Answer 10

B

Answer 11

??

Answer 12

2nd year's 2.63
and third year's 2.69
now the difference btwn them is 0.06
now to find what it will be after thirty years
2.63+(30-1)0.06 = 4.3
now the sum will be

Answer 13

30(2.56+4.3)/2 =102

Answer 14

@kirbykirby

Answer 15

so final amount she has to give to bank is
102.50+ 102 =204.50

Answer 16

now as for her friend it will be 30*3 =90
103+90= 193

Answer 17

so she owes bank more money :P

Answer 18

so D?

Answer 19

its A :O

Answer 20

what did i solve just nw -.-

Answer 21

thanks :)

Answer 22

last question!

Answer 23

m checking

Answer 24

hey A is correct :)

Answer 25

for this one too

Answer 26

did you get how

Answer 27

OS is laggy
sigh