I was doing great but then I got confused with 3. 1. 2.
1 answer:
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ANSWER
$1,413.81
EXPLANATION
The compound interest formula is given by:
Where P=900 is the balance in the account, t=10 is the number of years and r=0.0462 is the rate.
We substitute the values in to the formula to get:
This simplifies to:
Therefore $1413.81 will be in the account after 10 years.
It is given in the question that
Anna buys 12 pens and 20 pencils for a total cost of $16. One pen costs $0.40 more than a pencil.
Let the cost of pencil is $ x .
Therefore cost of pen is
According to the question
Distributing 12 and combining like terms, we will get
Therefore cost of pencil is $0.35 and cost of pen is