Answer:
Step-by-step explanation:
Given the system of equations:
You can pply Substitution method:
First you must solve for "y" from the first equation:
Therefore, the second and final step to solve the system of equations is to substitute the value of "y" into the second equation and solve for "x":
hello,
the first term is 250 so this is the initial invested amount
is to compute 8% annual interest compounded monthly (there are 12 months in a year)
and then multiply by 4 means that it is computed for 4 years so
finally the answer is
$250 is invested at 8% annual interest compounded monthly for 4 years
hope this helps