Answer:
x=2 y=8 ---> (2;8)
Step-by-step explanation:
2x+5y=44
6x-4=y
1.
2x+5(6x-4)=44
2x+30x-20=44
32x=64
x=2
2.
6x-4=y
6*2-4=y
12-4=y
y=8
The answer is the first answer is the first option.
We have been given that a person places $6340 in an investment account earning an annual rate of 8.4%, compounded continuously. We are asked to find amount of money in the account after 2 years.
We will use continuous compounding formula to solve our given problem as:
, where
A = Final amount after t years,
P = Principal initially invested,
e = base of a natural logarithm,
r = Rate of interest in decimal form.
Upon substituting our given values in above formula, we will get:
Upon rounding to nearest cent, we will get:
Therefore, an amount of $7499.82 will be in account after 2 years.
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