Given rate is = 7% or 0.07
Total amount needed = $12000
Time = 4 years
Here, the deposit is compounded semiannually, means twice per year and this gives 8 annual compounding periods in 4 years.
The equation becomes:
P= 
P = 
Solving it, we get P = $ 9112.93
Hence $9112.93 should be deposited today.
(180-30)/2 would be the equation and the answer is 150/2
Apologies for the bad handwriting.
Answer:
The solution to the system of equations is:
x = 2, and y = -1
Explanation:
Given the pair of equations:
4x + 5y = 3 ..........................................................................(1)
2x + 3y = 1............................................................................(2)
To solve this by elimination:
Multiply equation (2) by 2, to eliminate x
Equation (2) becomes
4x + 6y = 2 .........................................................................(3)
Subtract equation (1) from (3)
4x - 4x + 6y - 5y = 2 - 3
y = -1 ....................................................................................(4)
Multiply equation (1) by 3 and equation (2) by 5 to eliminate y
Equation (1) becomes
12x + 15y = 9 .......................................................................(5)
Equation (2) becomes
10x + 15y = 5 ........................................................................(6)
Subtract equation (6) from (5)
12x - 10x + 15y - 15y = 9 - 5
2x = 4
Divide both sides by 2
x = 4/2 = 2 ............................................................................(7)
From equations (7) and (4)
x = 2, and y = -1
<span>2 – (–8) (–3) = -22
Choices given are incorrect.</span>
