Max deposited $78 per month into an account that paid 2.7% annual interest compounded monthly. The balance in the account at the beginning of month 8 was $628.94. What was the balance in the account at the beginning of month 9 after the $78 was deposited for that month? Round your answer to the nearest penny.

Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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1. Max deposited $78 per month into an account that paid 2.7% annual interest compounded monthly. The balance in the account at the beginning of month 8 was $628.94. What was the balance in the account at the beginning of month 9 after the $78 was deposited for that month? Round your answer to the nearest penny.

2. A 45 oz. jar of peanut butter sells for $11.71. Jobe uses 4 oz. of peanut butter for each peanut butter sandwich they make. What would be the cost of the peanut butter if they made 8 peanut butter sandwiches? Round your answer to the nearest penny.

3. Dahn budgeted $438 for food last month. They actually spent $472.9 on food last month. What percent over the budget did they spend. Round your answers to the hundredth of a percent.

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