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UNO [17]
3 years ago
7

Stacy, Oliver, and Jivesh each plan to put a certain amount of money into their savings accounts that earn simple interest of 6%

per year. Stacy puts $550 more than Jivesh, and Oliver puts in 2 times as much as Jivesh. After a year, the amount in Stacy's account is 2 times the sum of $212 and the amount in Oliver's account. How much does each person initially put into his or her account? Who had the most most money in his or her account after a year? Who had the least? Explain.
Mathematics
1 answer:
grin007 [14]3 years ago
6 0


the answer is 772 because if you do 6+2+2+550+212=


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4 years ago
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pochemuha
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3 years ago
Who’s right? And why?
kvasek [131]

Answer: Raymond is correct

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=================================================

Explanation:

x = number of hours

y = total cost

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Another point is (5,425) because a 5-hour event costs $425.

Let's find the slope of the line through these two points.

(x_1,y_1) = (3,275) \text{ and } (x_2,y_2)  = (5,425)\\\\m = \frac{y_{2} - y_{1}}{x_{2} - x_{1}}\\\\m = \frac{425 - 275}{5 - 3}\\\\m = \frac{150}{2}\\\\m = 75\\\\

The slope is 75, meaning that each time y goes up by 75, x goes up by 1.

Flipped around it means each time x goes up by 1, y goes up by 75.

This means each time we add on an extra hour, the cost goes up by $75.

The DJ charges $75 an hour. Raymond is correct.

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2 years ago
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