Answer:
System has equal number of unknowns and equations.
Manipulation easily yielded expressions for 4 of the 7 unknowns.
However it seems that the remaining 3 unknowns x,y,z are not fixed by the equations. Different combinations (x0,y0,z0) seem possible without violating the system equations.
Is this possible, or did I most probably make a mistake in counting degrees of freedom?
Step-by-step explanation:
If the interest is the same for both accounts then:
.03x=.05(16000-x)
.03x=800-.05x
.08x=800
x=10000, since the interest is the same for both we can just double the interest from one investment to find the total interest earned each year...
.03(10000)2=$600.00
He earns 18% tips on his food sales. So, his tips are proportional to the amount of food he sells.
From what you know about the restaurant business, what would have to be true for his tips to be proportional to the amount of hours he works?
Do you think that situation (Michael's amount of food sales being the same every hour) is likely in a real restaurant?
First multiply 20 by .3 (30%)
This will give you a product of 6.
Subtract 6 from 20 (14)
$14 added to $20 is equal to $34
Ramon spent $34 on the pullovers