At the market, Meyer buys a
1 answer:
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Answer:
a) $3480
b) $4036.8
Step-by-step explanation:
The compound interest formula is given by:
Where A(t) is the amount of money after t years, P is the principal(the initial sum of money), r is the interest rate(as a decimal value), n is the number of times that interest is compounded per year and t is the time in years for which the money is invested or borrowed.
Suppose that $3000 is placed in an account that pays 16% interest compounded each year.
This means, respectively, that
So
(a) Find the amount in the account at the end of 1 year.
This is A(1).
(b) Find the amount in the account at the end of 2 years.
This is A(2).
Answer:
x = 1
y = -1
z = 2
Step-by-step explanation:
You have the following system of equations:
First, you can subtract euqation (3) to equation (1):
x + 2y - z = -3
<u>-x +y -z = - 4 </u>
0 3y -2z = -7 (4)
Next, you can multiply equation (3) by 2 and subtract it to equation (2):
2[ x -y + z = 4]
<u> -2x +y -z = -5</u>
0 -y + z= 3 (5)
You multiply equation (5) by 2 and sum (5) with (4):
2[ -y + z = 3]
<u> 3y -2z= -7</u>
y + 0 = -1
Then y = -1
Next, you replace y=-1 in (5) to obtain z:
-(-1) + z = 3
z = 2
Finally, you can replace z and y in the equation (3) to obtain x:
x - (-1) + (2) = 4
x = 1