Answer:
x=0.4, x=-1.2
Step-by-step explanation:
Answer and Step-by-step explanation:
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Given: Principal Amount (P) = $300
The rate of interest (r) = (3/4) compounded quarterly.
No. quarters in 3 years (n) = 3×4 = 12
To find: The amount for the CD on maturity. Let it will be (A)
Formula: Compound Amount (A) = P [ 1 + (r ÷100)]ⁿ
Now, (A) = P [ 1 + (r ÷100)]ⁿ
or, = $300 [ 1 + (3 ÷400)]¹²
or, = $300 × [ 403 ÷ 400]¹²
or, = $300 × 1.0938069
or, = $ 328.14
Hence, the correct option will be C. $328.14
The only error you made is on problem 3. Everything else is correct. Nice work.
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Here is how to solve problem 3
Plug x = 1 into the equation and solve for y
-3x + y = 1
-3*1 + y = 1 ... replace x with 1
-3 + y = 1
y - 3 = 1
y - 3 + 3 = 1 + 3 .... add 3 to both sides
y = 4
<h3>The answer is 4</h3>
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Verifying the answer:
Plug (x,y) = (1,4) into the equation. Both sides should be the same number after simplifying both sides.
-3x + y = 1
-3*1 + 4 = 1 ..... replace x with 1; replace y with 4
-3 + 4 = 1
1 = 1
The answer is confirmed.
If you were to graph -3x + y = 1, which is equivalent to y = 3x+1, you'll find that the point (1,4) is on this line.
