WILL MEDAL AND FAN!!!

Question

WILL MEDAL AND FAN!!! <<33
Chelsea has a savings account that pays 6% interest, compounded monthly, and she has made no deposits or withdrawals since opening the account. She receives monthly statements via e-mail, and the statement she just received reported a balance of $800.00. Assuming that she has had the account open for over two months, what was the balance on the previous statement to the nearest cent?
A)	$754.72	
B)	$761.90	
C)	$795.23	
D)	$796.02

whynotstudyalone · Answer

@Janu16 @mathwizzard3 @Kitten_is_back

whynotstudyalone · Answer

@Zarkon @Liv1234 @Serenity74 @flexastexas @Jaynator495

whynotstudyalone · Answer

@Directrix @emmagrace231 @Qwertty123 @YumYum247

whynotstudyalone · Answer

I think it is C

janu16 · Answer

= 0.005, and for this reason, since the statement Chelsea just received reported a balance of $800.00, the previous statement must have reported a balance of $$\frac{ 800 }{ 1+0.005 }=796.02$$

janu16 · Answer

no its D

whynotstudyalone · Answer

thankm you!

janu16 · Answer

np

qwertty123 · Answer

Yup it is D! :D Sorry I logged off when you tagged me...

whynotstudyalone · Answer

It's alright :)