Answer:
the dryer costs $425
Step-by-step explanation:
x = washer
y = dryer
x + y = 803
x = y - 47
using the second equation a substitute in the first equation we get
y - 47 + y = 803
2y = 850
y = $425
FYI
x = y - 47 = 425 - 47 = $378
Answer:
n=-1
Step-by-step explanation:
First you add 5 to both sides an you would get -15n=15
Next divide by -15 on both sides and get n=-1
Answer: he should invest $16129 today.
Step-by-step explanation:
Let $P represent the initial amount that should be invested today. It means that principal,
P = $P
It would be compounded annually. This means that it would be compounded once in a year. So
n = 1
The rate at which the principal would be compounded is 7.6%. So
r = 7.6/100 = 0.076
The duration of the investment would be 6 years. So
t = 6
The formula for compound interest is
A = P(1+r/n)^nt
A = total amount in the account at the end of t years.
A = 25000
Therefore
25000 = P(1+0.076/1)^1×6
25000 = P(1.076)^6
25000 = 1.55P
P = 25000/1.55
P = $16129