Ok thanks for letting me know !
Y = 500(1 + r)^x; where r is the rate and x is the number of years.
500(1 + r)^2 = 551.25
(1 + r)^2 = 551.25/500 = 1.1025
1 + r = sqrt(1.1025) = 1.05
Therefore, the equation that represents y, the value of the item after x years is
y = 500(1.05)^x
Answer:
Step-by-step explanation:
It is given that

By cofactor expansion across the first row, we get

Therefore, the value of determinant is -30.
By cofactor expansion across the second column, we get
Therefore, the value of determinant is -30.
You take 3.5% of £42,000 and add that to £42,000, so...
0.035 (aka 3.5%) x 42,000= 1,470+42,000= 43,470...
The manager now makes £43,470