Answer:
a) $520
b) $580
c) Interest amount is same each year
Step-by-step explanation:
Given - Georgie put $500 in her savings account, earning interest at a rate of 4% each year. She did not make any more deposits or withdrawals.
To find - a) How much money was in the account after one year?
b) How much money was in the account after 4 years?
c) Was the amount of money earned in interest the same or different each year?
Proof -
Here given that,
Principal amount = $500
rate of interest = 4% = 4/100 = 0.04
Now,
a)
Amount = P [ 1 + RT ]
= 500 [ 1 + 0.04(1)]
= 500 [ 1 + 0.04] = 520
⇒Amount = $520
b)
Amount = P [ 1 + RT ]
= 500 [ 1 + 0.04(4)]
= 500 [ 1 + 0.16] = 580
⇒Amount = $580
c)
In 2nd year,
Amount = P [ 1 + RT ]
= 500 [ 1 + 0.04(2)]
= 500 [ 1 + 0.08] = 540
⇒Amount = $540
Now,
Interest in 1st year = 520 - 500 = 20
Interest in 2nd year = 540 - 520 = 20
So,
The interest amount is same each year
Answer: x=4 ; y=<u> -4</u>
3
Step-by-step explanation:
2x + y = -4
.(-3)
2x + 3y = 4
-6x-3y=12
<u>2x + 3y = 4</u>
4x=16
x= <u>16</u>
4
x=4
2x + 3y = 4
2.4+3y=4
8+3y=4
3y= -8+4
y=<u> -4</u>
3
Plug x and y when you type in the calculator
2-2(2+3) and see your answer
Answer:
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