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Snowcat [4.5K]
3 years ago
10

You deposit $2000 in Account A, which pays 2.25% annual interest compounded monthly. You deposit another $2000 in Account B, whi

ch pays 3% annual interest compounded monthly. When is the sum of the balance in both accounts at least $5000?
Mathematics
1 answer:
Romashka [77]3 years ago
7 0
The equations woould look like this 
a=2000(1+.0225/12) to the 12th power 
b=2000(1+.03/12) to the 12th power 
but i cant find the answer cuz i have no calculator sorry but i hope i still helped.
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Confirm that f and g are inverses by showing that f(g(x)) = x and g(f(x)) = x. (5 points)
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Read 2 more answers
Mack is double Cici's age. Three times Mack's age minus two times Cici's age is 52. How old is Mack
olga_2 [115]
<h2>\underline{\large\text{Part I: Converting the statements into equations or expressions.}}</h2>

Given statements:

  • Mack is double Cici's age.
  • Three times Mack's age minus two times Cici's age is 52.

First statement:

<u>We know the following:</u>

  • The word "double" means 2 times greater than a number or variable.
  • The word "is" means "=", which states that two expressions or terms are equivalent.

Therefore, the first statement, when converted into an equation, is;

  • ⇒ Mack = 2(Cici)

<em>Let Mack be known as "M" and Cici be known as "C". Then,</em>

  • ⇒ M = 2C

Second statement:

<u>We know the following:</u>

  • The phrase "three times" means "triple", which means 3 times greater than the original number.
  • The phrase "two times" means "double", which means 2 times greater than the original number.
  • The word "is" means "equivalent".

Therefore, the second statement, when converted into an equation, is;

  • ⇒ 3(Mack) + 2(Cici) = 52

<em>Let Mack be known as "M" and Cici be known as "C". Then,</em>

  • ⇒ 3(M) + 2(C) = 52

\underline{\large\text{Part II: Using the equations obtained to determine the age of Mack}}

From the above, we obtained:

  • Equation 1: M = 2C
  • Equation 2: 3(M) + 2(C) = 52

When the value of "M", in equation 1, is substituted in equation 2, we get;

  • ⇒ 3(2C) + 2(C) = 52   [M = 2C]

When simplified, we get;

  • ⇒ 3(2C) + 2(C) = 52
  • ⇒ 6C + 2C = 52          
  • ⇒ 8C = 52      
  • ⇒ 8C/8 = 52/8
  • ⇒ C = 52/8 = 26/4 = 13/2 = 6.5

Therefore, the age of Cici is 6.5 years.

But, we are asked to determine the age of Mack. Simply substitute the age of Cici in equation 1 to determine the age of Mack.

  • ⇒ M = 2C
  • ⇒ M = 2(6.5)
  • ⇒ M = 13

Therefore, the age of Mack is 13 years.

Learn more about this topic: brainly.com/question/26032086

8 0
3 years ago
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