Two eights of the championship football game tickets sold for under $30. One eighth of the tickets sold for more than $100. What
1 answer:
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Answer:
(14, -2)
Step-by-step explanation:
To solve by using substitution, begin by solving for a variable in the first equation. Let's solve for x:
Now we know what <em>x</em> equals. Let's substitute this into the second equation:
We can then simplify:
Given equation
Combine y terms
Add 2
Divide by -11
So, we now know the value of y = -2.
To find the value of X, we can substitute the value of Y into one of the equations. Let's use the first one:
Substitute for y
Distribute 8
Add 16
So, we now know the value of x = 14.
Therefore, we know a solution to the system of equations is (14, -2).
Answer:
The principal investment required to get a total amount of $ 1,000,000.00 from compound interest at a rate of 6% per year compounded 12 times per year over 45 years is $ 67,659.17.
Step-by-step explanation:
Given
- Accrued Amount A = $1000000
- Interest rate r = 6% = 0.06
- Time period t = 45 years
- Compounded monthly n = 12
To determine:
- Principle amount P = ?
Using the formula
substituting A = 1000000, r = 0.06, t = 45, and n = 12
$
Therefore, the principal investment required to get a total amount of $ 1,000,000.00 from compound interest at a rate of 6% per year compounded 12 times per year over 45 years is $ 67,659.17.