Sarah had invested $800 in a savings account that paid 4.2% interest compounded annually. How much money was in the account afte
1 answer:
Answer: $943.11
<u>Step-by-step explanation:</u>
Compound Interest formula is: where
- A is the Accrued amount (total earned)
- P is the Principal (amount initially invested)
- r is the interest Rate (convert percent to a decimal)
- t is the Time (number of years)
It is given that; P = 800 r = 4.2% (0.042) t = 4
A = 800(1 + 0.042)⁴
A = 800(1.042)⁴
A = 943.106 → A = 943.11 (rounded to the nearest penny)
Sarah invested $800 for four years at an interest rate of 4.2% and accrued $943.11
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Answer:
C. x+y = 1 and -x-y = -1
Step-by-step explanation:
Remember that if a system of equations has an infinite number of solutions, then the resulting equation from using the first step of the elimination method would have no variables and would be true.
1) Let's try canceling out the equations in option C, x+y =-1 and -x-y =-1. Add the two equations together. (Work shown in attached picture.)
2) All of the terms cancel out with each other, leaving only a true statement of 0 = 0. Thus, option C is the answer.
