Lets say the price of a shirt is X, then the price of sweater is X + 3.95
Since a total cost is 71.65 for 3 shirts and 2 sweaters. 71.65 = (3*X) + 2*(X+3.95)
So, 71.65 = 3X + 2X + 7.9
71.65 - 7.9 = 5X
12.75 = X. Therefore, the price of a shirt is 12.75 dollars, and the price of a sweater is 16.7 dollars (12.75 + 3.95)
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The appropriate formula for the accumulated amount (A) for a given principal (P), interest rate (r), and time period (t) is ...
... A = P·e^(rt)
Filling in the given numbers and doing the arithmetic, we get
... A = $25,000·e^(.043·8) ≈ $35,264.46
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