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3 years ago

Please answer correctly !!!!!!!!!! Will mark brainliest !!!!!!!!!!!!

Mathematics

1 answer:

MArishka [77]3 years ago

7 0

Answer:

- 18y = 1

Step-by-step explanation:

Adding the 2 equations term by term on both sides gives

(- 5x + 5x) + (- 9y - 9y) = (3 - 2), that is

0 + (- 18y) = 1

- 18y = 1

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%/100=is/off
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Solve 4/7- (-4/7)<br>A. 8/7<br>B.-8/7<br>C.-4/7<br>D.4/7

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2 years ago

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3 years ago

Find the amount in the bank after 7 years if interest is compounded quarterly?

qwelly [4]

Answer:

a) amount in the bank after 7 years if interest is compounded quarterly is $6,605

b) amount in the bank after 7 years if interest is compounded quarterly is $6,612.57

Step-by-step explanation:

We are given:

Principal Amount P= 5000

Rate r= 4% = 0.04

time t = 7 years

The formula used is: $A=P(1+\frac{r}{n})^{nt}$

where A is future value, P is principal amount, r is rate, n is compounded value and t is time

a) Find the amount in the bank after 7 years if interest is compounded quarterly?

If interest is compounded quarterly then n = 4

Using values given in question and finding A

$A=P(1+\frac{r}{n})^{nt}\\A=5000(1+\frac{0.04}{4})^{4*7} \\A=5000(1+0.01)^{28}\\A=5000(1.01)^{28}\\A=5000(1.321)\\A=6,605$

So, amount in the bank after 7 years if interest is compounded quarterly is $6,605

b) Find the amount in the bank after 7 years if interest is compounded monthly?

If interest is compounded quarterly then n = 12

Using values given in question and finding A

$A=P(1+\frac{r}{n})^{nt}\\A=5000(1+\frac{0.04}{12})^{12*7} \\A=5000(1+0.003)^{84}\\A=5000(1.003)^{84}\\A=5000(1.322)\\A=6,612.57$

So, amount in the bank after 7 years if interest is compounded quarterly is $6,612.57

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3 years ago