Leona opens a savings account with an initial deposit of $125. She then deposits $125 into that savings account every subsequent month. This savings account pays an annual interest rate of 2.3% and is compounded monthly. The balance in her account after 5 yeas was $7940.21. How much money did Leona deposit into her account and what was the total percent yield of the account after 5 years? Input only the dollar amount for the total deposits. Example 5645 Round the total percent yield to the nearest hundredth. Only input the number. Example 3.76 Total Deposits = $ Hint: Total Deposits = (number of years) x 12 x (amount deposited each month) Total Percent Yield = Ending Balance - Total Deposits Total Deposits x 100% Hint: Total Percent Yield
Unitary Method
The word “unitary” comes from the word “unit”, which means a single and complete entity. In this method, we find the value of a unit product from the given number of products, and then we solve for the other number of products.
Speed, Time, and Distance
Imagine you and 3 of your friends are planning to go to the playground at 6 in the evening. Your house is one mile away from the playground and one of your friends named Jim must start at 5 pm to reach the playground by walk. The other two friends are 3 miles away.
Profit and Loss
The amount earned or lost on the sale of one or more items is referred to as the profit or loss on that item.
Units and Measurements
Measurements and comparisons are the foundation of science and engineering. We, therefore, need rules that tell us how things are measured and compared. For these measurements and comparisons, we perform certain experiments, and we will need the experiments to set up the devices.
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