Eight months ago, toris parents put $5000 into a savings account that aerns 3% interest. Now, her dentist has suggested that she get braces.
A.If the interest is calculated each month, what is the monthly interest rate?
3%/ 12 months = 0.25%/ month
B. if Toris parents use the money in thier savins account, how much do they have?
$5000 + 0.25*(8 months)= $5,100
C. if toris dentist has suggested braces 3 months ago, how much money would have been in her parents' savings account?
$5000 + 0.25*(5 months)= $5,062.50
D. Toris dentist says she can probably wait up to 2 months before having the braces fitting. How much will be in her parents' savings account if she waits?
$5000 + 0.25 * (10 months)= $5,125
i just wanted to know if i did this problem right
A.If the interest is calculated each month, what is the monthly interest rate?
3%/ 12 months = 0.25%/ month
B. if Toris parents use the money in thier savins account, how much do they have?
$5000 + 0.25*(8 months)= $5,100
C. if toris dentist has suggested braces 3 months ago, how much money would have been in her parents' savings account?
$5000 + 0.25*(5 months)= $5,062.50
D. Toris dentist says she can probably wait up to 2 months before having the braces fitting. How much will be in her parents' savings account if she waits?
$5000 + 0.25 * (10 months)= $5,125
i just wanted to know if i did this problem right
