Follow the directions to solve the system of equations by elimination. 8x + 7y = 39 4x – 14y = –68 Multiply the first equation t
2 answers:
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Answer:
The Amount of money in the account after 28 years is $616,674.5
Step-by-step explanation:
Given as :
The principal amount placed in the account = p = $67,000
The rate of interest = r = 8.25%
The time period of amount in the account = t = 28
Let the Amount of money in the account = $A
Now<u>, From Compound Interest method</u>
Amount = Principal ×
A = p ×
Or, A = $67,000 ×
Or, A = $67,000 ×
Or, A = $67,000 × 9.2041
∴ A = $616,674.7
So, The Amount of money in the account = A = $616,674.5
Hence, The Amount of money in the account after 28 years is $616,674.5 Answer
Answer:
(A) The rate of change in the price of a bushel of corn in the current year is $7.
(B) The price of a bushel of corn in the current year is $2 more than the price of a bushel of corn in the previous year.
Step-by-step explanation:
The graph for the prices of different numbers of bushels of corn at a store in the current year is shown below.
Part A:
The rate of change in the price of a bushel of corn in the current year based upon the number of bushels is known as the slope of the line.
The formula to compute the slope is:
Consider the ordered pairs: (4, 28) and (10, 70)
Compute the slope of the line as follows:
Thus, the rate of change in the price of a bushel of corn in the current year is $7.
Part B:
The data for the price of bushels in the previous year is as follows:
Number of Bushels Price
2 10
4 20
6 30
8 40
Compute the rate of change in the price of a bushel of corn in the previous year based upon the number of bushels as follows:
Consider the ordered pairs: (2, 10) and (6, 30)
The rate of change in the price of a bushel of corn in the previous year is $5.
Thus, the price of a bushel of corn in the current year is $2 more than the price of a bushel of corn in the previous year.
