Bob has saved $285 each month for the last 6 years to make a down payment on a house. The account earned an interest rate of .37 percent per month. How much money is in Bob's account?

$26000

Explanation:

Bob deposit $285 into a bank account earning 0.39% simple interest per month.

The interest on this money for the 6 year period will first be obtained and then added to the total amount Bob deposited during this period.

Bob deposited a total of 285×72=$20500 (72 is obtained by converting 6 years to months i.e. 6×12)

The interest during this period =p×r×t

Where p=$285 (amount Bob saves per month)

r=.39/100 or 0.039 intrest rate earned per month

t=6 years or 72 months

Interes accred for 6 years= 285×0.039×72=$80

Total amount Bob will have at the end of 6 years =80+20520=$26000

being born in poverty would limit the people's chances, opportunities and benefits.

this happen because of several things, such as:

- poor people tend to gain less access to good education and nutrition. this mean that their chance to obtain high paying jobs would also be limited.

- poor people tend to socialize with other poor people while the rich tend to socialize with other rich people. this means that simply throguh their social circle, rich people would have more business opportunities compared to the poor people.

- rich people tend to have more capital in their disposal. this would benefit them in business since it is far easier for them to fund their business operation compared to poor people.