Suppose you take $5800 and invest it with an 8% interest rate for 16 years compounded continuously, how much money will you have
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Answer:
The numbers are 12 and 3.
Step-by-step explanation:
We can solve this problem by working with the information we have and setting up some equations.
We know that one number is four times as large as another. So, let the smaller number be represented by the variable x and the bigger number be represented by 4x, since it is four times as large.
Now, we know that if the numbers are added together, then the result is six less than seven times the smaller number. This can also be represented by the equation 4x + x = 7x - 6.
Let's solve that equation like so:
So, the smaller number must be 3 (remember that x represented the smaller number). To find the bigger number, all we need to do is multiply 3 by 4, which gives us 12. Therefore, the numbers are 12 and 3.