SOLUTION: Fred opens a holiday account with his $2000 tax refund. He decides to add $100 a month into this account. How much will Fred have in this account after a year assuming no interest
Algebra
.Com
Question 1141845
:
Fred opens a holiday account with his $2000 tax refund. He decides to add $100 a month into this account. How much will Fred have in this account after a year assuming no interest was added
Answer by
ikleyn(52799)
(
Show Source
): You can
put this solution on YOUR website!
.
2000 + 12*100 dollars. 12 is the number of months in a year.
RELATED QUESTIONS
Connor opens a new savings account and deposits 100 on the first day of the month. Each...
(answered by
ikleyn,math_tutor2020
)
Suppose you get $1000 as a tax refund this year,and deposit in a retirement account...
(answered by
Theo
)
Fred, the farmer, has started a savings account for a tractor. He saved $600 last month...
(answered by
stanbon
)
Since he was 21 years old, Ben has been depositing $200 at the end of each month into a...
(answered by
Theo
)
Conner has 25,000 in his bank account. Every month he spends $ 1,500. He does not add...
(answered by
math-vortex
)
stephen opens a savings account with an initial deposit of $300. every month, stephen...
(answered by
solver91311
)
Craig opens a savings account with $850. His account earns 3% annual simple interest. How
(answered by
rfer,stanbon
)
Fred invests $15,000 into a bank account that offers 2.75%p.a simple interest. How long...
(answered by
jorel1380
)
Joan opens a saving account at a local bank. She initially deposits $350 into the...
(answered by
stanbon
)