(-3) + (+1) = steps of solving
2 answers:
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Answer:
The principal amount was $23,393.45
Step-by-step explanation:
The total amount paid on a 35 year loan was $98,000 at the rate of interest 4.1%
We will calculate Principal amount by this formula
Where A = amount (98,000)
P = Principal amount (P)
r = rate of interest 4.1% (0.041)
n = number of compounding interest monthly (12)
t = time (35 years)
98,000 = P(4.189386)
= 4.189386P = 98,000
P =
P = 23,392.4494 ≈ $23,392.45
The principal amount was $23,393.45
Answer:
(3,2)
Step-by-step explanation:
Let's solve this via elimination method:
By subtracting equation 2 from equation one we obtain:
Next we can use any equation either 1 or 2 to determine what x is, I'll use equation 1. Let y=2 and so:
Therefore the solution for the system of equations is:
x=3 and y = 2 as an ordered pair we have (3,2)