Ask your own question, for FREE!
Mathematics 24 Online
OpenStudy (anonymous):

MEDAL! Jerry calculates that if he makes a deposit of $5 each month at an APR of 4%, then at the end of two years he'll have $100. Benny says that the correct amount is $135. What was the total amount deposited (ignoring interest earned?) Whose answer is ruled out by this calculation? Why?

Can't find your answer? Make a FREE account and ask your own questions, OR help others and earn volunteer hours!

Join our real-time social learning platform and learn together with your friends!
Can't find your answer? Make a FREE account and ask your own questions, OR help others and earn volunteer hours!

Join our real-time social learning platform and learn together with your friends!