You invest $500 in an account that has a annual interest rate of 5%, compounded quarterly for four
1 answer:
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Answer:
(x, y) = (5, -2)
Step-by-step explanation:
A graphing calculator provides a quick and easy way to find the solution.
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There are several other ways to solve these equations. Or you can estimate where the answer might be using logic like this:
The intercepts of the first equation are ...
- x-intercept = 26/4 = 6 1/2
- y-intercept = -26/3 = -8 2/3
So the graph of it will form a triangle with the axes in the 4th quadrant.
The intercepts of the second equation are ...
- x-intercept = 11/3 = 3 2/3
- y-intercept = 11/2 = 5 1/2
So the graph of it will form a triangle with the axes in the 1st quadrant. The x-intercept of this one is less than the x-intercept of the first equation, so the two lines must cross in the 4th quadrant.
The only 4th-quadrant answer choice is (5, -2).
