Answer:
210
Step-by-step explanation:
Answer:
$1000
Step-by-step explanation:
We can form an equation for Clayton's account: C = 500 + 10x
We can form an equation for Clayton's account: J = 400 +12x
(where x is the number of days)
When the two accounts will contain the same amount, it means: C = J
<=> 500 + 10x = 400 +12x
<=> x =50
After 50 days, there accounts will be balance. Then, we substitue x into any of the 2 equation to find out the amount: 500 + 10(50) = $1000
The correct answer is the last choice.
In a compound interest equation, the first value is the initial investment. In this case, it would be 5000. After the 5000, you would enter the rate that is being used.