Answer:
$1480.24
Step-by-step explanation:
This will be solved by the formula:
Where
FV is the future value (what we are looking for)
I is the initial amount (which is $1000)
r is the rate of interest per period (8% is annual interest, but the period is SEMI-ANNUAL, that's 6 months, half of yearly. So r would be half of 8%, which is 4% or r = 0.04)
t is the times compounding occurs in the whole time (The whole time period is 5 years, but compounding occurs semi-annually, so 5*2 = 10 times. Thus, t = 10)
<em>plugging the info into the formula we will get our answer.</em>
<em></em>
<em><u>The solution is (4, 4)</u></em>
<em><u>Solution:</u></em>
<em><u>Given system of equations are:</u></em>
<em><u>Substitute eqn 2 in eqn 1</u></em>
Make the right side of equation 0
<em><u>Solve by quadratic equation</u></em>
<em><u>Substitute x = 4 in eqn 2</u></em>
y = 2(4) - 4
y = 8 - 4
y = 4
Thus solution is (4, 4)
Answer:
Yes, twice
Step-by-step explanation:
The equation will intersect the x-axis when y = 0, so we have
x² - 4x = -3 now solve this quadratic for x...
x² - 4x + 3 = 0
factor...
(x - 3)(x - 1) = 0,
so at x = 1 and x = 3, the function crosses the x-axis
See the graph below
