Hope this Helps with your Math Problem :D
Answer:
1 year: $2060
2 years: $2121.80
3 years: $2185.45
Step-by-step explanation:
Compound interest formula is A = P(1 + 
) where A is the final amount, P is the initial principal balance, r is the interest rate, n is the number of times interest applied per time period, and t is the number of time periods elapsed. In our case, P would be equal to 2000 dollars, r would be equal to 0.03, for 3 percent, and our n value would just be one, so the final equation is:
First, let's evaluate t for 1, as in one year.
= 2000 x 1.03 = 2060
Two years: 2000 * 1.03 squared = 2121.80
Three years: 2000 * 1.03^3 = 2185.45!
Hope this helps!
Answer:
x = -5 and y = 3
Step-by-step explanation:
There are two equations :
3x − 2y = −21 ....(1)
2x + 5y = 5 ......(2)
Multiply equation (1) by 2 and equation (2) by 3.
6x - 4y = -42 ...(3)
6x + 15y = 15 ....(4)
Subtract equation (4) from (3) :
6x - 4y - (6x + 15y) = -42 -15
-4y -15y = -57
-19y = -57
y = 3
Put y = 3 in equation (2) :
2x + 5(3) = 5
2x = 5-15
2x = -10
x = -5
So, the value of x is (-5) and y = 3.
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