The amount in the passbook account is $11,000 and the money in the money market account is $8000
Let:
a represent the unknown amount in the passbook account
b represent the unknown amount in the money market account
From the question, the following information can be gathered:
- The money in the passbook account exceeds the amount in the money market account.
This information can be represented with this equation : a - b = 3000
- The interest paid on the passbook account exceeds the interest paid on the money market account.
This information can be represented with this equation : 0.08a - 0.10b = 80
The two equations gotten above would be solved using simultaneous equation and the elimination method
a - b = 3000 equation 1
0.08a - 0.10b = 80 equation 2
Multiply equation 1 by 0.08
0.08 - 0.08b = 240 equation 3
Subtract equation 2 from 3
0.02b = 160
Divide both sides of the equation by 0.02
b = 8000
Substitute for b in equation 1
a - 8000 = 3000
Add 8000 to both sides
a = 11,000
To learn more about simultaneous equations, please check: brainly.com/question/23589883?referrer=searchResults
Answer:
Gross pay = 449.50
Step-by-step explanation:
Gross pay = hours worked * hourly wage
Gross pay = 62 hours * 7.25
Gross pay = 449.50
They equal because 1/3 is probs 30% idk I'm not working on these
30 is the correct answer also I’ve downed coffee and monster
Y = -3x - 1......so we sub in -3x - 1 in for y in the other equation
2x + 5y = 12
2x + 5(-3x - 1) = 12....now distribute the 5 through the parenthesis
2x - 15x - 5 = 12...add 5 to both sides
2x - 15x = 12 + 5..combine like terms
-13x = 17...divide both sides by -13
x = -17/13
now sub in -17/13 for x in the other equation
y = -3x - 1
y = -3(-17/13) - 1
y = 51/13 - 1
y = 51/13 - 13/13
y = 38/13
so the solution is (-17/13, 38/13)
