So for this you will be using an exponential equation, which is 
with a=initial value, b=growth/decay, y = total balance, and x = # of years
In this case, a = 500, and since with this problem the initial value is growing, you will add 100% to 6% to get 106%, or 1.06. The equation will be formed as such: 
With this problem, just plug in 15 into x and solve for y: 
In short, after 15 years Tom will have $1198.28 in his account.
Answer:
(- 5, 1 )
Step-by-step explanation:
- 6x - 14y = 16 → (1)
- 2x + 7y = 17 → (2)
Multiplying (2) by - 3 and adding to (1) will eliminate the x- term
6x - 21y = - 51 → (3)
Add (1) and (3) term by term to eliminate x
0 - 35y = - 35
- 35y = - 35 ( divide both sides by - 35 )
y = 1
Substitute y = 1 into either of the 2 equations and solve for x
Substituting into (1)
- 6x - 14(1) = 16
- 6x - 14 = 16 ( add 14 to both sides )
- 6x = 30 ( divide both sides by - 6 )
x = - 5
solution is (- 5, 1 )
If Kyle has invested $20,000 of the total $160,000 invested, that means the other give investors invested $140,000. Divide the about they invested by the total amount invested, and you will get .875. That is equal to 87.5%. The five investors own 87.5% of the business.
