Answer:
Original Value= $361.21
Step-by-step explanation:
Giving the following information:
The value of the savings bond increases by 3% each year. One year after it was purchased, the value of the savings bond was $515.
<u>To calculate the original value of the bond, we need to use the following formula:</u>
OV= PV/(1+i)^n
OV= original value
PV= present value
i= increase rate
n= number of months
OV= 515 / (1,03^12)
OV= $361.21
3 is the common difference
Answer:
below
Step-by-step explanation:


Answer:
Divide the 1st equation by 2
a + 2c = 19
Divide the 2nd equation by 3
a + c = 13.5
Subtract the 1st equation and the 2nd equation
c = 5.5
Substituting back into the 2nd equation will give:
a + 5.5 = 13.5
a = 8
Step-by-step explanation:
43.5 because if it were anything below that it would've been rounded down to 43 instead of up to 44.