Question

Suppose you deposited $200 per month into a savings plan for 15 years, and at the end of that period your balance was $45,700. The amount you earned in interest was

Answer 1

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Answer 2

Well we would first analyze the question....so we see that you deposited 200 "per" month for 15 years....so that would mean that we would multiply 200 by 12 and then we would multiply that by 15.... next we see that we ended up with a total of $45,700 so we have the total so our equation is...\[(200 \times 12) 15 - 45,700 = intrest\]