A number decreased by 16 is -3
2 answers:
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Then the amount of money will he have in his account after 10 years will be $7,454.16. Then the correct option is B.
<h3>What is compound interest?</h3>Compound interest is the interest on a loan or deposit calculated based on the initial principal and the accumulated interest from the previous period.
Miguel deposits $5000 in an account earning 4% interest compounded monthly.
Then the amount of money will he have in his account after 10 years will be
We know the compound interest formula.
Where
A = amount
P = principal
r = rate of interest
t = time period (in year)
Then we have
More about the compound interest link is given below.
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Answer:
System of linear equations
a: adult ticket price and c: child ticket price
Step-by-step explanation:
This system of equations can be used to find the price of the adult and child tickets.
We have two equations (one for each day) and two unknowns (adult ticket price and child ticket price).
Let a: adult ticket price and c: child ticket price,
we have for the first day that 3 adult tickets and 1 child ticket adds $38:
and for the second day we have that 2 adult tickets and 2 child tickets adds $52:
If we write this as a system of equations, we have: