The balance in the account after 13 years is $8233.79.
<h3>Compound interest: Calculating balance in an account</h3>
From the question, we are to use the compound interest formula to compute the balance in the account
From the compound interest formula, we have that
A = P(1 + r/n)^nt
Where A is the amount
P is the principal
r is the interest rate
n is the number of times compounded per year
and t is the time.
From the given information,
P = $7000
r = 3.3%= 0.033
n = 1
t = 13
Putting the parameters into the formula
A = P(1 + r/n)^nt
A = 7000(1 + 0.033/1)^(1×5)
A = 7000(1 + 0.033)^5
A = $8233.79
Hence, the balance is $8233.79
Learn more on Compound interest here: brainly.com/question/25545513
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Answer:
A. x=3, y= -6
Step-by-step explanation:
x - 2y = 15
2x + 4y= -18
<em>Solving for x</em>
x-2y=15
<em>Subtract x from both sides</em>
-2y= -x+15
<em>Multiply both sides by -1</em>
2y=x-15
<em>Multiply both sides by 2</em>
4y=2x-30
2x+4y= -18
<em>Subtract 2x from both sides</em>
4y= -2x-18
<u>Combine equations:</u>
-2x-18=2x-30
<em>Add 2x to both sides</em>
-18=4x-30
<em>Add 30 to both sides</em>
12=4x
4x=12
<em>Divide both sides by 4</em>
x=3
Solving for y
x-2y=15
<em>Add 2y to both sides</em>
x=2y+15
<em>Multiply both sides by 2</em>
2x=4y+30
2x + 4y= -18
<em>Subtract 4y from both sides</em>
2x= -4y-18
<u>Combine equations:</u>
-4y-18=4y+30
<em>Add 4y to both sides</em>
-18=8y+30
<em>Subtract 30 from both sides</em>
8y= -48
<em>Divide both sides by 8</em>
y= -6
Answer:
Step-by-step explanation:
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