Answer:
58.50
Step-by-step explanation:
Multiply 50 and .17 which equals 8.5 then add that to 50.
The amount of money in the account in December with a rate of 17% of the initial amount of $50 is $58.5.
The amount of something is expressed as if it is a part of the total which is a hundred. The ratio can be expressed as a fraction of 100. The word percent means per 100. It is represented by the symbol ‘%’.
A teenager puts $50 into an investment account in January.
Let, he deposited on first January.
If by December the balance in the account increases by 17%,
Let the amount by the 31 first of December will be
Then the amount will be given as
[tex]A = P (1 + \dfrac{r}{100})^t[/tex]
P = $50
r = 17%
t = 1
Then we have
[tex]\rm A = 50(1 + \dfrac{17}{100})^1\\\\A = 50(1 + 0.17)\\\\A = 50 * 1.17 \\\\A = 58.5[/tex]
More about the percentage link is given below.
https://brainly.com/question/8011401
