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choli [55]
4 years ago
5

If $400 is invested at the rate of 6% for one year, what will be the total value of the investment (the amount)? $42.40 $424.00

$4,240.00
Mathematics
2 answers:
ValentinkaMS [17]4 years ago
8 0
The total value would be the amount he put in plus the amount he earns in interest. The answer should be 424
Nady [450]4 years ago
7 0

Answer: The Answer would be Option B: 424.00

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Answer:

a. The equation for the line representing Tim's account is y = 10·x + 40

b. The equation for the line representing Chloe's account is y = 20·x + 10

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Step-by-step explanation:

a. The y-intercept of the graph for Tim's account = (0, 40)

A second point on the line graph of Tim's account = (3, 70)

The slope, m of a straight line equation, given two points on the line, (x₁, y₁), (x₂, y₂) is given as follows;

Slope, \, m =\dfrac{y_{2}-y_{1}}{x_{2}-x_{1}}

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The equation for the line representing Tim's account in slope and intercept form is y = 10·x + 40

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A second point on the line graph of Chloe's account is also = (3, 70)

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The equation for the line representing Chloe's account in slope and intercept form is y = 20·x + 10

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For Tim's account y = 10·x + 40

For Chloe's account y = 20·x + 10

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y = y and 10·x + 40 = 20·x + 10

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40 - 10 = 20·x - 10·x = 10·x

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x = 30/10 = 3

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Therefore, haven found the x-coordinate value, the y-coordinate of the point which is the solution (where the two equations are equal or the two line graphs cross) of the two equations is given as follows;

y = 10·x + 40 where, x = 3, we have;

y = 10 × 3 + 40 = 70

y = 70

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