Tell whether the sequence is arithmetic. If it is, identify the common difference.
1 answer:
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The person would have to leave the money in the bank for 7.8 years for it to reach 13,500 dollars.
Step-by-step explanation:
Step 1; First we must calculate how much interest is generated for a single year. The annual interest rate is 4.5% i.e. 4.5% of 10,000 dollars which equals 0.045 × 10,000 = 450 dollars a year. As the years pass, more and more will be put into the account due to interest.
Step 2; For there to be 13,500 dollars in the bank account we need to calculate how much money is added due to interest.
The money needed to be added through interest = 13,500 - 10,000 = 3,500 dollars.
So we need to determine how long it will take for the bank to add 3,500 dollars by adding 450 dollars a year.
The number of years to reach 13,500 dollars = = 7.777 years. By rounding this value to the nearest tenth, we get 7.8 years.
Answer:
x = 1, y = -1
Step-by-step explanation:
If we have the two equations:
and
, we can look at which variable will be easiest to eliminate.
looks like it might be easy to get rid of, we just have to multiply
by 2 and y is gone (as -6y + 6y = 0).
So let's multiply the equation by 2.
Now we can add these equations
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Dividing both sides by 5, we get .
Now we can substitute x into an equation to find y.
Hope this helped!