What is the solution to the system of equations? y = 1/3x-10 2x + y = 4
2 answers:
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Answer:
The correct answer is v(t) = (principal × time × 0.02) if calculated simply and v(t) = Principal × where v(t) is the interest after t years .
Step-by-step explanation:
Principal amount invested by Shota is $2000.
Interest is earned at 2% per year.
Time for which the principal is invested is t years.
Therefore let the total interest be v(t) dollars in t years.
Case 1: Simple Interest.
v(t) = (principal × time × ) = (2000 × t × 0.02) = 40t
Case 2: Compound Interest.
v(t) = Principal × - Principal = 2000 ×
- 2000.