Ummm this confuses me a bit
Answer:
$793
Step-by-step explanation:
The amount of money in an account earning simple interest is given by the formula ...
A = P(1 +rt)
where P is the principal invested at rate r for t years.
__
Using the values given in the problem statement, the account balance can be found to be ...
A = $650(1 +0.055×4) = $650×1.22 = $793
There will be $793 in the account after 4 years.
Y = 350x + 6500
where x = the number of months you own the car and y = the total cost of buying and owning the car.
This is true because each month, it costs 350, so finding the monthly cost would be multiplying 350 by the number of months, or x. The + 6500 is there because in addition to the monthly cost, the original price was $6500.
