The sum of two numbers is 54. One number is 26 more than the other. Find the numbers.
1 answer:
You might be interested in
Answer:
$97,958.42
Step-by-step explanation:
To solve this problem we can use the compound interest formula which is shown below:
<em>P = initial balance </em>
<em>r = interest rate </em>
<em>t = time </em>
<em> </em>
First change 6.5% to its decimal form:
6.5% -> -> 0.065
Next plug in the values:
They have to pay back $97,958.42