Answer:
8.40
Step-by-step explanation:
Answer:
$2936.79
Explanation:
The Formula for compounding interest:
F = final amount (we need to find this)
I = initial amount (900 + 250 + 300 + 1400 = $2850)
r = interest rate (1% = 0.01)
n = number of times interest applied per time period (360)
t = number of time periods elapsed (36 months = 3 years)
F = 2850(1.030454105)
F = $2936.79
The answer is
x = 1 and y = -3
<span>[1] 6x-9=y
[2] y=-3x</span>
Let d = # of dimes
Let q = # of quarters
equation #1: number of coins
d + q = 1234
equation #2: value of coins
0.10d + 0.25q = 290.05
Solve #1 for d:
d=1234-q
Sub #1 into #2 and solve for q:
0.10d + 0.25q = 290.05
0.10(1234-q) + 0.25q = 290.05
123.4 - 0.10q + 0.25q = 290.05
0.15q = 166.65
q = 1111
Now go back to d=1234-q and sub in 1111 for q to find d:
d = 1234 - 1111
d = 123
1111 quarters and 123 dimes.
I think the answers is 40%