6. Interest is compounded semianually. Find the amount in the account after the given time.

Mathematics

1 answer:

patriot [66]1 year ago

5 0

The amount in the account after the given time if compounded semiannually is $1104.2

<h3>Compound interest </h3>

Interest is any amount added on a sum of money over a period of time. The formula for calculating the compound interest is:

A = P(1+r/n)^nt

Given

P = $1000

rate r = 0.05

time =3years

n = 2

Substitute

A = 1000(1 + 0.05/3)^3(2)
A= 1000(1.1042)
A = $1104.2

Hence the amount in the account after the given time if compounded semianually is $1104.2

Learn more on compound interest here: brainly.com/question/24924853

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What value of b will cause the system to have an infinite number of solutions?

irga5000 [103]

b must be equal to -6 for infinitely many solutions for system of equations $y = 6x + b$ and $-3 x+\frac{1}{2} y=-3$

<u>Solution: </u>

Need to calculate value of b so that given system of equations have an infinite number of solutions

$\begin{array}{l}{y=6 x+b} \\\\ {-3 x+\frac{1}{2} y=-3}\end{array}$

Let us bring the equations in same form for sake of simplicity in comparison

$\begin{array}{l}{y=6 x+b} \\\\ {\Rightarrow-6 x+y-b=0 \Rightarrow (1)} \\\\ {\Rightarrow-3 x+\frac{1}{2} y=-3} \\\\ {\Rightarrow -6 x+y=-6} \\\\ {\Rightarrow -6 x+y+6=0 \Rightarrow(2)}\end{array}$

Now we have two equations

$\begin{array}{l}{-6 x+y-b=0\Rightarrow(1)} \\\\ {-6 x+y+6=0\Rightarrow(2)}\end{array}$

Let us first see what is requirement for system of equations have an infinite number of solutions

If $a_{1} x+b_{1} y+c_{1}=0$ and $a_{2} x+b_{2} y+c_{2}=0$ are two equation

$\Rightarrow \frac{a_{1}}{a_{2}}=\frac{b_{1}}{b_{2}}=\frac{c_{1}}{c_{2}}$ then the given system of equation has no infinitely many solutions.

In our case,

$\begin{array}{l}{a_{1}=-6, \mathrm{b}_{1}=1 \text { and } c_{1}=-\mathrm{b}} \\\\ {a_{2}=-6, \mathrm{b}_{2}=1 \text { and } c_{2}=6} \\\\ {\frac{a_{1}}{a_{2}}=\frac{-6}{-6}=1} \\\\ {\frac{b_{1}}{b_{2}}=\frac{1}{1}=1} \\\\ {\frac{c_{1}}{c_{2}}=\frac{-b}{6}}\end{array}$