Answer:
Hope this helps. x=12 and y= -10
After 1 year, there will be 3% more money in it. So, multiply 750 by 1.03 to get 772.5
There will be $772.50 in the account in a year.
40 - 3k + 10k = -10 - 8k - 10
40 + 7k = -10 - 8k - 10
40 + 7k = -8k - 20
40 + 7k - 40 = -8k - 20 - 40
7k = -8k - 60
7k + 8k = -8k - 60 + 8k
15k = -60
15k/15 = -60/15
k = -4
Answer:
$14,555.17
Step-by-step explanation:
initial investment, p = $8,000
rater, r = 6% = 0.06
Number of times compounded yearly = 12
Time, t = 10 years
Amount, A = p(1 + r/n)^tn
A = 8000(1 + 0.06/12)^10*12
A = $14,555.17
