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drek231 [11]
4 years ago
10

How much will a 1 dollar deposit be worth after 36 years if the interest rate paid by the bank is 8%

Mathematics
1 answer:
lys-0071 [83]4 years ago
7 0
Plugging in your numbers to the compound interest formula and assuming it is compounded yearly, you will have $15.97.

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When Judy worked 4 hours and Ben worked 1 hour, their combined pay was $75. When Judy worked 2 hours and Ben worked 6 hours, the
arsen [322]

Answer:

$15

Step-by-step explanation:

let the hourly rate of pay for Ben  = B

let the hourly rate of pay for Judy  = J

Judy worked 4 hours and Ben worked 1 hour, their combined pay was $75;

              4J + B = 75 ----- i

Judy worked 2 hours and Ben worked 6 hours, their combined pay was $120

               2J + 6B  = 120 --- ii

Now, we should solve the expression;

   Multiply equation ii by 2 and equation i by 1;

 

            4J + B = 75 ----- i    x 1  ;    4J + B  = 75          -- iii

            2J + 6B  = 120 --- ii  x 2 ;   4J + 12B  = 240    ---iv

Now,

 equation iv - iii;

                   11B  = 165

                      B  = $15

So, solving for J;

          4J + B = 75

         4J + 15  = 75

          4J  = 75 - 15  = 60

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