In this question they've given us the formula and they just want us to plug in the numbers and get the value.
P is the original value, P=$600
r is the depreciation rate, r=10%=0.1
t is the time in years, t=2
Answer: $486
A quadrilateral is a parallelogram only if both pairs of opposite sides are equal.
2 answers:
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Let the amount invested at 4% be = x
Let the amount invested at 3% be = y
Given is:
or
.... (1)
As, total income for the two investments is $194, so equation is:
....(2)
Putting value of x from (1) in (2)
And x=5200-y
Hence, money invested at 4% is $3800 and money invested at 3% is $1400