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Aleks [24]
2 years ago
13

if £5000 Is placed into a bank account that pays 2% compound interest per year, how much will be in the account after two years

Mathematics
1 answer:
timurjin [86]2 years ago
5 0

Answer:

£5200

Step-by-step explanation:

First, converting R percent to r a decimal

r = R/100 = 2%/100 = 0.02 per year,

then, solving our equation

I = 5000 × 0.02 × 2 = 200

I = £ 200.00

The simple interest accumulated

on a principal of £ 5,000.00

at a rate of 2% per year

for 2 years is £ 200.00.

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Systems of equations and inequalities<br> solving systems by elimination<br> {y= -x+1<br> {y= 4x-14
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Answer:

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Step-by-step explanation:

Solve the following system:

{y = 1 - x | (equation 1)

y = 4 x - 14 | (equation 2)

Express the system in standard form:

{x + y = 1 | (equation 1)

-(4 x) + y = -14 | (equation 2)

Swap equation 1 with equation 2:

{-(4 x) + y = -14 | (equation 1)

x + y = 1 | (equation 2)

Add 1/4 × (equation 1) to equation 2:

{-(4 x) + y = -14 | (equation 1)

0 x+(5 y)/4 = (-5)/2 | (equation 2)

Multiply equation 2 by 4/5:

{-(4 x) + y = -14 | (equation 1)

0 x+y = -2 | (equation 2)

Subtract equation 2 from equation 1:

{-(4 x)+0 y = -12 | (equation 1)

0 x+y = -2 | (equation 2)

Divide equation 1 by -4:

{x+0 y = 3 | (equation 1)

0 x+y = -2 | (equation 2)

Collect results:

Answer: {x = 3  , y = -2

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3 years ago
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