Solution set is: (
)
Option B is correct
Step-by-step explanation:
We need to find the solution to system of equations
Let:
Putting value of y from eq(2) into eq(1)
So, value of x=7
Putting value of x into equation 1 to find the value of y:
So, value of y = 
Solution set is: ()
Option B is correct
Keywords: System of equations
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Use the compound interest formula.
Let A = the ending amount
Let P = the principal
Let r = the interest rate
Let n = the amount compounded a year
Let t = time
A = P(1 + r/n) ^(n/t)
Substitute your numbers in
A = $7,000(1 + 0.06/4)^(4/7)
Solve for A
A = $7,059.81
Answer:
The answer is D.
Step-by-step explanation:
Answer:
1. $361800
Step-by-step explanation:
Given,
principle balance=$670
interest rate=8%
A= Final amount
P= initial Principal balance
r= interest rate
n= number of times interest applied per time period
t= number of times period elapsed
compound interest formula,
Therefore the Present value is $361800
