38-15= 23. I’m guessing this is what you meant. If not please correct me.
To answer we let x be the amount of money that Sam invested during the first year.
Below are the expressions translated from the given word forms for the amount invested.
Sam:
2nd year : amount = 5x/2 - 2000
3rd year : amount = x/5 + 1000
The sum of money invested by Sam is:
x + (5x/2 - 2000) + (x/5 + 1000)
Similarly, we derive the expressions that we use for the amount that Sally invested.
Sally
1st year : amount = 3x/2 - 1000
2nd year : amount = 2x - 1500
3rd year : amount = x/4 + 1400
The total amount that Sally invested is,
total = (3x/2 - 1000) + (2x - 1500) + (x/4 + 1400)
Equating the two equations:
(x) + (5x/2 - 2000) + (x/5 + 1000) = (3x/2 - 1000) + (2x - 1500) + (x/4 + 1400)
Solving for x,
x = 2000
For Sally's investment in the third year:
amount = x/4 + 1400 = (2000/4 + 1400) = 1900
ANSWERS:
Sam's first year = $2000
Sally's third year = $1900
Answer:
20%
Step-by-step explanation:
3 out of 15 is the same as 3/15 = 1/5. 1/5 is the same as 20%
• P is the principal amount, $3000.00.
• r is the interest rate, 6% per year, or in decimal form, 6/100=0.06.
• t is the time involved, 8 years time periods.
• So, t is 8 year time periods.
To find the simple interest, we multiply 3000 × 0.06 × 8 to get that:
The interest is: $1440.00
