How many solutions does this system have?
2 answers:
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Answer: $5,828.28
<u>Step-by-step explanation:</u>
Use the Compound Interest formula: where
- A is the accrued amount (balance)
- P is the principal (initial amount invested)
- r is the interest rate (in decimal form)
- n is the number of times compounded each year
- t is the time of the investment (in years)
Given: P = 4,900
r = 3.5% (0.035)
n = 2
t = 5
Here, “p” is a numerator and “q” is a denominator. The examples of rational numbers are 6/5, 10/7, and so on. The rational number is represented using the letter “Q”. Like real numbers, the arithmetic operations, such as addition, subtraction, multiplication, and division are applicable to the rational numbers.