Find the savings plan balance after 3 years with an apr of 7% and monthly payments of $150.

the balance is $

The balance is $5989.5

Step-by-step explanation:

The savings plan balance is given by the following formula:

In which A is the savings plan balance, P is the monthly payment, APR is the annual percentage rate(decimal), n is the number of payments per year and Y is the number of years.

In this problem, we have that

Find the savings plan balance after 3 years with an APR of 7% and monthly payments of $150.

So we have to find A when .

So

The balance is $5989.5

choice b is correct

step-by-step explanation:

we have been given the following system of inequalities;

we are required to graph the solution to the system of inequalities. using a graphing tool, the graph of the system is as shown in the attachment. the continuous line represents the graph of while the dotted line represents .