Answer:
Step-by-step explanation:
we know that
The compound interest formula is equal to
where
A is the Final Investment Value
P is the Principal amount of money to be invested
r is the rate of interest in decimal
t is Number of Time Periods
n is the number of times interest is compounded per year
in this problem we have
substitute in the formula above
-2 (x-2y=-5)
-2x+4y=10
2x+3y=4
0+7y=14
/7. /7
y=2
2x+3 (2)=4
2x+6=4
-6. -6
2x=-2
/2. /2
x=-1
Answer: the value of the account at the end of 6 years is is $8577
Step-by-step explanation:
We would apply the formula for determining compound interest which is expressed as
A = P(1+r/n)^nt
Where
A = total amount in the account at the end of t years
r represents the interest rate.
n represents the periodic interval at which it was compounded.
P represents the principal or initial amount deposited
From the information given,
P = 6000
r = 6% = 6/100 = 0.06
n = 4 because it was compounded 4 times in a year.
t = 6 years
Therefore,.
A = 6000(1+0.06/4)^4 × 6
A = 6000(1+0.015)^24
A = 6000(1.015)^24
A = $8577
Answer:
1/15
Step-by-step explanation:
This is probably too late but I'll do it anyway.
There are 10 cards in all.
of the 10, 3 are green.
So your chance of drawing the first green is 3/10
Now you have 9 cards in total left.
Two of them are green
Your chance of drawing a green card again is 2/9
Your total chance of drawing 2 green cards is
2/9 * 3/10 = 6/90
2/9 * 3/10 = 1/15
