Find the solution to the following system of equations by using Substitution. To receive full credit, substitution must be used
and all work must be shown!
y = 3x + 2
3x + 5y = 28
y = 3x + 2
3x + 5y = 28
1 answer:
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Answer: The amount of money in his account after 4 years = $7,658.73
Step-by-step explanation:
If interest is compounded annually, then formula to compute amount :
, where P+ principal value, r= rate of interest, n= time ( in years).
As per given,
P= $6700 , r = 3.4% =0.034, n =4
Hence, the amount of money in his account after 4 years = $7,658.73