Find the final amount in the following retirement account, in which the rate of return on the account and the regular contribution change over time. $597 per month invested at 6%, compounded monthly, for 5 years; then $739 per month invested at 7%, compounded monthly, for 5 years.

nkcoicjc

The answer is 49/16 or 3 1/16

One shot. if 60% of 10 is 6, then what is 70%? we know it would be seven (since 60% is mathematically 60/100, or 6/10, then 70% is 70/100, or 7/10) but we can check anyway using ratios: 6 : 60% = x : 70%*inverse multiplicationx * 60% = 6 * 70%*divide both sides by 60%x = (6 * 70%) / 60%x = 7and since he has made 6 shots already, he would need just one more to get 7 shots or 70%. if the explanation is too confusing, comment and i will try to