Determine whether the point (1,1) is a solution to the system of equations. Explain your reasoning in complete scentences . Grap
1 answer:
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Answer:
The initial value is $78
Step-by-step explanation:
Given
(weekly)
Required
Determine the initial value
The initial value is the amount he has in its bank account before making his weekly savings.
From the question, we have that his initial balance is $78.
Hence, the initial value is $78
However, his weekly balance can be expressed as:
Represent number of weeks with x; So, we have:
Answer:
$2000 was invested at 5% and $5000 was invested at 8%.
Step-by-step explanation:
Assuming the interest is simple interest.
<u>Simple Interest Formula</u>
I = Prt
where:
- I = interest earned.
- P = principal invested.
- r = interest rate (in decimal form).
- t = time (in years).
Given:
- Total P = $7000
- P₁ = principal invested at 5%
- P₂ = principal invested at 8%
- Total interest = $500
- r₁ = 5% = 0.05
- r₂ = 8% = 0.08
- t = 1 year
Create two equations from the given information:
Rewrite Equation 1 to make P₁ the subject:
Substitute this into Equation 2 and solve for P₂:
Substitute the found value of P₂ into Equation 1 and solve for P₁:
$2000 was invested at 5% and $5000 was invested at 8%.
Learn more about simple interest here: