((az²)^4) ÷ a²z^8 Simplify to the simplest form
1 answer:
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Answer:
Interest earned = $32.835
Step-by-step explanation:
Given the following data;
Principal = $275
Number of times = 0.5
Interest rate = 2.9% = 0.029
Time = 4 years
To find the interest earned, we would use the compound interest formula;
Where;
A is the future value.
P is the principal or starting amount.
r is annual interest rate.
n is the number of times the interest is compounded in a year.
t is the number of years for the compound interest.
Substituting into the equation, we have;
A = $307.835
Interest earned = 307.835 - 275
Interest earned = $32.835
Using a system of equations, it is found that Ajay is 25 years old today.
<h3>What is a system of equations?</h3>A system of equations is when two or more variables are related, and equations are built to find the values of each variable.
In this problem, the variables are:
- Variable x: Wale's age.
- Variable y: Ajay's age.
Wale was twice as old as Ajay 10 years back, hence:
Wale will be 40 years old in 10 years, hence:
Then, Ajay's present age is found as follows.
You can learn more about system of equations at brainly.com/question/14183076