Answer:
The correct option is B.
Step-by-step explanation:
The amount of money, in dollars, in a savings account after x years is given by 
This above equation represents that $10000 becomes M(x) after x years at a rate of interest 3% compounded in each year.
Therefore, the value in the expression 1.03 represents that there is a 3 percent increase in the savings account each year.
So, the correct option is B. (Answer)
Answer:
y = -6
Step-by-step explanation:
Step 1: Simplify both sides of the equation.
0.75y−1.5y+0.5=5
0.75y+−1.5y+0.5=5
(0.75y+−1.5y)+(0.5)=5(Combine Like Terms)
−0.75y+0.5=5
−0.75y+0.5=5
Step 2: Subtract 0.5 from both sides.
−0.75y+0.5−0.5=5−0.5
−0.75y=4.5
Step 3: Divide both sides by -0.75.
Hope this helps!
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-Josh
<span>The extra cost can be calculated by working out the total he has spent and subtracting the value of the truck. He spends $1500 on a downpayment and (350 x 10 = $3500) on monthly payments, giving him a total outlay of $5000. This means he overspent by $500. $500 interest was paid for 10 months, so at that same rate, $600 would have been paid for 12 months. $600 as a percentage of the cost of the truck minus the down payment ($3000) is 20%. </span>
