I have two questions: Brenda invests $4,848 in an account with a rate of 5% compounded semiannually. What is the balance after 6 years.

Chase invests money at 4.61% compounded 3 times a year. After 6 years his balance is 5,485.85. What was the initial investment.

Step-by-step explanation:6,848

hey there!

if she's saving for six months, let's divide the total number we need for the trip by six, dividing it into the amount that needs to be saved for each month.

500 ÷ 6 =

she needs to save at least this amount each month, so we should use this symbol: ≥

let x be the amount she saves each month.

your final answer is x ≥

hope this !