Solve system of equation by substitutions? y= 1
1 answer:
You might be interested in
Answer:
$395.61
Step-by-step explanation:
The formula for simple interest is:
Where
i is the interest amount
P is the principal amount
r is the rate of interest per time period
t is the time period
Here,
P = 4869
we want to find after 30 months, that converted to years is:
30/12 = 2.5 years
t = 2.5
The annual rate is 3.25% = 0.0325
Now, substituting, we find our answer:
The interest earned is <u>$395.61</u>
Answer:
The answer is ""
Step-by-step explanation:
The whole question can be found in the file attached.
Subtracting the from both sides of the equations:
