Answer:
a) $520
b) $580
c) Interest amount is same each year
Step-by-step explanation:
Given - Georgie put $500 in her savings account, earning interest at a rate of 4% each year. She did not make any more deposits or withdrawals.
To find - a) How much money was in the account after one year?
b) How much money was in the account after 4 years?
c) Was the amount of money earned in interest the same or different each year?
Proof -
Here given that,
Principal amount = $500
rate of interest = 4% = 4/100 = 0.04
Now,
a)
Amount = P [ 1 + RT ]
= 500 [ 1 + 0.04(1)]
= 500 [ 1 + 0.04] = 520
⇒Amount = $520
b)
Amount = P [ 1 + RT ]
= 500 [ 1 + 0.04(4)]
= 500 [ 1 + 0.16] = 580
⇒Amount = $580
c)
In 2nd year,
Amount = P [ 1 + RT ]
= 500 [ 1 + 0.04(2)]
= 500 [ 1 + 0.08] = 540
⇒Amount = $540
Now,
Interest in 1st year = 520 - 500 = 20
Interest in 2nd year = 540 - 520 = 20
So,
The interest amount is same each year
Answer:
The solution is the point (1,-4)
Step-by-step explanation:
we have
----> equation A
----> equation B
we know that
The solution of the system of equations by graphing is the intersection point both graphs
using a graphing tool
The intersection point is (1,-4)
see the attached figure
therefore
The solution is the point (1,-4)
Answer:
equation 1
y = -2x
equation 2
y = x-3
Solution to both
(1,-2)
Step-by-step explanation:
We need to get the equations of both lines
General form is;
y = mx + c
where m is slope and c is the y-intercept
Table 1
since we have a point 0,0; the y-intercept here is zero
Let us get the slope. We can do this by selecting any two points
m = (y2-y1)/(x2-x1)
m = (2-10)/(-1+5) = -8/4 = -2
So the equation of the first line is;
y = -2x
Table 2
we get the slope
m = (4+2)/(7-1) = 6/6 = 1
The partial equation is;
y = x + c
To get c, we select any two point and substitute
4 = 7 + c
c = 4-7
c = -3
So the equation is;
y = x-3
To get the solution to both systems, we equate the y
-2x = x - 3
-2x-x = -3
-3x = -3
x = -3/-3
x = 1
To get y, we substitute;
recall; y = -2x
y = -2(1)
y = -2
Solution to the system is;
(1,-2)
Answer:
$92492.40
Step-by-step explanation:
168168.00 - 55% (75675.60)= $92492.40
