Hello!
Lynne invested 35,000 into an account earning 4% annual interest compounded quarterly she makes no other deposits into the account and does not withdraw any money. What is the balance of Lynne's account in 5years
Data:
P = 35000
r = 4% = 0,04
n = 4
t = 5
P' = ?
I = ?
We have the following compound interest formula
So the new principal P' after 5 years is approximately $42,706.66.
Subtracting the original principal from this amount gives the amount of interest received:
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I Hope this helps, greetings ... Dexteright02! =)
(4,10).
1. There are three ways to solve this: elimination, substitution, graphing.
2. I chose elimination, so I had to get one negative variable and one positive variable of the same value (for example, 18 and -18)
-7x+2y=-8
-16x+9y=26
I chose to get 2y and 9y to equal -18y and 18y.
So, multiply the first equation by -9. Multiply the second by 2.
63x-18y=72
-32x+18y=52
the 18s cross each other out. So you're left with
63x=72
-32x=52. Add them.
31x=124, divide both sides by 31, and you'll get 4.
x=4
Plug your answer for x into one of the equations. Let's use the first one.
-7(4)+2y=-8
-28+2y=-8. add 28 to both sides.
2y=20, divide both sides by 2.
y=10.
This makes your answer (4,10)
X = 8/3
I hope this helped!
6.83 as a mixed number is:
6 83/100
