Ricky Bobby wants to buy a new automobile for $55,000 in 8 years. How much money must Ricky's original investment be if he makes
a single deposit into an account with monthly compounding and an annual interest rate of 3.90% in order to reach his goal? Round your answer to the nearest cent.
Let the prices of a pack of potato chips and can of coke be x and y respectively 3x+2y=50-9 3x+2y=41........... (1) 4x+5y=50+21 4x+5y=71............(2) Multiply (1) with 4 and (2) with3 12x+8y=164 12x+15y=213 On subtracting above eqs. we get 7y= 49 y=7 Putting value of y in (2) 4x+5(7)=71 4x+35=71 4x=36 x=9 x=$9 y=$7 MARK IT BRANLIEST PLZZZ....
