What is the value of y in the equation 6 + y = −3?
1 answer:
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Answer:
The amount $15000 is divided as
in 2% = $7000
in 5% = $8000
Step-by-step explanation:
It is given that the total amount is $15000 and rates of interests are 2% and 5%.
<em>Let the amount invested in 2% be "x", so the amount invested in 5% is (15000 - x).</em>
The annual interest on x part is given as,
=
Similarly, The annual interest on (15000 - x) part is given as,
=
the total annual interest is given as $540
Thus, <em>540 = </em>
<em>54000 = </em>
<em>21000 = 3(x)</em>
x = = 7000
Thus the shares are $7000 and (15000 - 7000) $8000 .
Exponential functions are in the form 
, where <em>a</em> is the initial value, <em>b</em> is the growth rate (percent increase) + 1, and <em>x</em> is the number of time periods. Our initial value is 100, and we're given the growth rate + 1 (tripling is the same as increasing by 200%; 200%=2.0; 2.0+1=3). Therefore our function is 
.