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1 answer:
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Answer:
y = 360(1.03)x
Step-by-step explanation:
F is the future worth, P is the present worth, I will be the interest rate, and n is the number of years.
The principal amount of the money = $360
Annual rate of interest = 3%
Thus, the amount after x years which is increased by 3%.
Since, this amount represented by y,
The required equation that represents the amount of money in Josiah’s account, y, after x years is,
This amount represented by y,
Therefore, the required equation that represents the amount of money in Josiah’s account, y, after x years is,
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Answer:
The amount spent on the refrigerator is $ 800 .
Step-by-step explanation:
Given as :
The amount spent on television = $ 1600
Le The total amount in the account = $ A
so, The amount left in account after spent on television = $ A - $ 1600
The amount spent on refrigerator = × ( A - 1600 )
The amount left in his saving account = × A
Now, According to question
A - ( 1600 + × ( A - 1600 ) ) =
× A
Or, A - × A = 1600 +
× ( A - 1600 )
Or, × A = 1600 +
× A -
× 1600
or, × A -
× A = 1600 - 640
Or, × A = 960
or, × A = 960
∴ A =
I.e A = 3600
So, The amount in the saving account is $3600
∵ , The amount spent on refrigerator = × ( 3600 - 1600 )
Or, The amount spent on refrigerator = × 2000
I.e The amount spent on refrigerator = $ 800
Hence The amount spent on the refrigerator is $ 800 . Answer