Silviana intends to remodel her kitchen. Her contractor budgeted $10,500 to perform the work. She can...

 

Transcribed Image Text:

Silviana intends to remodel her kitchen. Her contractor budgeted $10,500 to perform the work. She can save $650 per month in her savings account, which pays 1.5% interest annually. How long until she has saved up the $10,500? Silviana intends to remodel her kitchen. Her contractor budgeted $10,500 to perform the work. She can save $650 per month in her savings account, which pays 1.5% interest annually. How long until she has saved up the $10,500?

Answer rating: 100% (QA)

Lets first calculate how much interest Silviana will earn on her savings account in one month Intere... View the full answer