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ratelena [41]
3 years ago
9

A loan of $ 16,000 is made at 7 % interest, compounded annually. After how many years will the amount due reach $ 27,000 or more

?
Mathematics
1 answer:
Roman55 [17]3 years ago
7 0
About 9.8 years would be your answer
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What is the solution to y = x + 2 and y = 3x – 2 and how do you know? PLEASE HELPPPPP! THANK U!
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Answer:

(2,4)

Step-by-step explanation:

We have the system:

y=x+2

y=3x-2.

This is already setup for substitution.

I'm going to replace my first y with what the second y equals.

That is, I'm going to write 3x-2=x+2.

Time to solve the following for x:

3x-2=x+2

Subtract x on both sides:

2x-2= 2

Add 2 on both sides:

2x. = 4

Divide both sides by 2:

x. = 2

Now that we know x=2 and we have an equation that relates x to y: either y=x+2 or y=3x-2, doesn't matter which we use, we can find y.

So we y=x+2 with x=2 which means y=2+2=4.

So the solution, the intersection, is (2,4).

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