Question

Assume that you save 22,000 yen on the 1st day of every month. Under the three systems, keeping in your home, monthly 2% simple interest and compound interest in the bank. Fill the blanks marked (1), (2), (3) with the balance. Balance at the beginning of month At the begging of 1st month 2nd month 3rd month 4th 5th 6th 7th 8th 9th 10th (1) (2) (3) keep in you home simple interest compound interest 22000 44000 22000 44440 22000 44440 (1) (2) (3)

          Assume that you save 22,000 yen on the 1st day of every month.
Under the three systems, keeping in your home, monthly 2% simple interest and compound interest in the bank.
Fill the blanks marked (1), (2), (3) with the balance.
Balance at the beginning of month
At the begging of
1st month
2nd month
3rd month
4th
5th
6th
7th
8th
9th
10th
(1)
(2)
(3)
keep in you home
simple interest
compound interest
22000
44000
22000
44440
22000
44440
(1)
(2)
(3)

Assume that you save 22,000 yen on the 1st day of every month.
Under the three systems, keeping in your home, monthly 2% simple interest and compound interest in the bank.
Fill the blanks marked (1), (2), (3) with the balance.
Balance at the beginning of month
At the begging of
1st month
2nd month
3rd month
4th
5th
6th
7th
8th
9th
10th
(1)
(2)
(3)
keep in you home
simple interest
compound interest
22000
44000
22000
44440
22000
44440
(1)
(2)
(3)

Added by Jenna B.

Elementary and Intermediate Algebra

Alan S. Tussy, R. David Gustafson 5th Edition

Instant Answer

Solved by Expert Shubham Kanungo

02/11/2022

Step 1

Step 1: For keeping in your home, the balance at the beginning of the 2nd month would be 22000 + 22000 = 44000 yen. Show more…

Show all steps

Thanks for your feedback!

thank you! Assume that you save 22,000 yen on the 1st day of every month. Under the three systems, keeping in your home, monthly 2% simple interest and compound interest in the bank. Fill the blanks marked (1,(2,(3) with the balance. Balance at the beginning of month At the begging of 1st month 2nd month 3rd month 4th 5th 6th 7th 8th 9th 10th keep in you home 22000 44000 simple interest 22000 44440 compound interest 22000 44440 (1 (2) (3) (1 2 3)