Jake began the day with 8 dollars in his wallet .then he withdrew some money from the bank and added that to what was already in
2 answers:
Answer:
Step-by-step explanation:
Let x be the amount of money that is added to the amount in his wallet .
Given: Jake began the day with 8 dollars in his wallet .
He withdrew some money from the bank and added that to what was already in his wallet .
After doing that he had 83 dollars in his wallet .
Then , the mathematical sentence corresponding to the given situation will be .
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Emily earned $166 more in her account than Katie.
We use the compound interest formula for both of these:
For Katie's deposit:
This gives Katie 6083.26-5000 = 1083.26 in interest (1083, to the nearest dollar).
For Emily's deposit:
This means she earned 11248.64-10000=1248.64 in interest (1249, to the nearest dollar).
The difference in interest is given by 1249-1083=166
We use the compound interest formula for both of these:
For Katie's deposit:
This gives Katie 6083.26-5000 = 1083.26 in interest (1083, to the nearest dollar).
For Emily's deposit:
This means she earned 11248.64-10000=1248.64 in interest (1249, to the nearest dollar).
The difference in interest is given by 1249-1083=166