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marissa [1.9K]
3 years ago
8

tucker invested $3500 at 2% interest compounded annually. how much interest will he earn in 3 years? a. $70.00 b. $210.00 c. $21

4.23 d. $3714.23
Mathematics
2 answers:
Ierofanga [76]3 years ago
7 0
The answer is 214,23 dollars. (1,02^3 * 3500)-3500 = 214,23
Gemiola [76]3 years ago
3 0
Amount from compound interest , A = P(1 + r)ⁿ

P = Principal, r = rate per year,  n = number of years.  P = 3500, r = 2% = 0.02,
n = 3 years

A =  3500(1 + 0.02)³

A = 3500(1.02)³      Use a calculator

A = 3714.228

Compound Interest = 3714.228 - 3500 = 214.228 ≈ 214.23

Compound Interest ≈ $214.23
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6 0
3 years ago
Read 2 more answers
2.the solution set of x +y =5 and x-y =3
Nataliya [291]

Answer:

Check the solution below

Step-by-step explanation:

2) Given the equation

x +y =5... 1 and

x-y =3 ... 2

Add both equations

x+x = 5+3

2x = 8

x = 8/2

x = 4

Substitute x = 4 into 1:

From 1: x+y = 5

4+y= 5

y = 5-4

y = 1

3) Given

x+3y =15 ... 1

2x+7y=19 .... 2

From 2: x = 15-3y

Substitute into 2

2(15-3y)+7y = 19

30-6y+7y = 19

30+y = 19

y = 19-30

y = -11

Substitute y=-11 into x = 15-3y

x =15-3(-11)

x = 15+33

x = 48

The solution set is (48, -11)

4) given

x/2 +y/3 =0 and x+2y=1

From 1

(3x+2y)/6 = 0

3x+2y = 0.. 3

x+2y= 1... 4

From 4: x = 1-2y

Substutute

3(1-2y) +2y = 0

3-6y+2y = 0

3 -4y = 0

4y = 3

y = 3/4

Since x = 1-2y

x = 1-2(3/4)

x = 1-3/2

x= -1/2

The solution set is (-1/2, 3/4)

5) Given

5.x=1/2 and y =x +1 then solution is

We already know the vkue of x

Get y

y= x+1

y = 1/2 + 1

y = 3/2

Hence the solution set is (1/2, 3/2)

6) Given

3x +y =5 and x -3y =5

From 3; x = 5+3y

Substitute into 1;

3(5+3y)+y = 5

15+9y+y = 5

10y = 5-15

10y =-10

y = -1

Get x;

x = 5+3y

x = 5+3(-1)

x = 5-3

x = 2

Hence two solution set is (2,-1)

6 0
3 years ago
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