Answer: the value of her investment after 4 years is £8934.3
Step-by-step explanation:
The formula for determining compound interest is expressed as
A = P(1+r/n)^nt
Where
A = total amount in the account at the end of t years
r represents the interest rate.
n represents the periodic interval at which it was compounded.
P represents the principal or initial amount invested.
t represents the duration of the investment in years.
From the information given,
P = 8000
r = 2.8% = 2.8/100 = 0.028
n = 1 because it was compounded once in a year.
t = 4 years
Therefore,
A = 8000(1+0.028/1)^1 × 4
A = 8000(1+0.028)^4
A = 8000(1.028)^4
A = £8934.3 to the the nearest penny
ANSWER: y=x-8
EXPLANATION:
9/72
I forgot how to do this
1 nickels =$0.05
1 dime= $0.1
let the number of nickels be x and that of dimes be y.
total number of coins is given by:
x+y=42
hence:
y=42-x.......i
total amount of cash will be:
0.05x+0.1y=3.30.........ii
substituting i in ii we get:
0.05x+0.1(42-x)=3.30
0.05x+4.2-0.1x=3.3
-0.05x=-0.9
x=-0.9/(-0.05)
x=18
hence the the number nickels is x=18, the number of dimes will be y=42-x=42-18=24
