The amount in the passbook account is $11,000 and the money in the money market account is $8000
Let:
a represent the unknown amount in the passbook account
b represent the unknown amount in the money market account
From the question, the following information can be gathered:
- The money in the passbook account exceeds the amount in the money market account.
This information can be represented with this equation : a - b = 3000
- The interest paid on the passbook account exceeds the interest paid on the money market account.
This information can be represented with this equation : 0.08a - 0.10b = 80
The two equations gotten above would be solved using simultaneous equation and the elimination method
a - b = 3000 equation 1
0.08a - 0.10b = 80 equation 2
Multiply equation 1 by 0.08
0.08 - 0.08b = 240 equation 3
Subtract equation 2 from 3
0.02b = 160
Divide both sides of the equation by 0.02
b = 8000
Substitute for b in equation 1
a - 8000 = 3000
Add 8000 to both sides
a = 11,000
To learn more about simultaneous equations, please check: brainly.com/question/23589883?referrer=searchResults
Tanner plus his friends equate to four people.
Divide 249.84 by four.
Each friend will pay $62.46
Answer:
True
Step-by-step explanation:
The null space of matrix is set of all solutions to matrix. The linearly independent vectors forms subset which are spanned and forms the null space. The null space of vector can be found by reducing its echelon. The non zero rows formed are the null spaces of matrix.
Given:
Principal = 17,000
rate = 10.7%
term = x/360
interest = 1,121.72
Interest = Principal * rate * term
1,121.72 = 17,000 * .107 * x/360
1,121.72 = 1,819x / 360
1,121.72 * 360 = 1,819x
403,632 / 1,819 = x
221.90 = x
Lauren Michelle will have to wait 222 days for her investment to earn $1,121.72
Given:
Principal = x
rate = 9%
term = 10 months
interest = 1,687.50
Interest = Principal * rate * term
1,687.50 = x * 0.09 * 10/12
1,687.50 = x * 0.075
1,687.50 / 0.075 = x
22,500 = x
The amount Sandra Leatherwood invested was $22,500.
