Find the savings plan balance after 3 years with an APR of 2% and monthly payments of $300.

the answer is 200

step-by-step explanation:

the way the question is worded, it seems to imply the $264 interest is simple interest, not compound interest.

the simple interest for 2 years is $264; the simple interest for 1 year is $132.

$132 interest on a $600 investment means an interest rate of (132/600)*100 = 22%.

the value of $200 at 22% interest compounded annually for three years is

200%281.22%29%5e3

the amount of interest is that value, minus the original $200.

1,8,15,22,29,36,43,50

step-by-step explanation:

you didn't post any answer choices, so its not 100% clear what your teacher is looking for

however, log(15/7) is equivalent to log(15) - log(7)

i'm using the rule log(x/y) = log(x) - log(y)