I believe it would be $4,399.15 because if you use the formula I=P*R*T
P=62,845
R=0.07 or 7%
T=1 year period
So overall your equation is 62845*0.07*1=$4,399.15
Now at this point the interest is added onto the principal amount to figure out some new amount after one year so:
62845.00+4399.15=$67,244.15
Answer:
Step-by-step explanation:
Got a -4
Answer:
The solution set would be (2, -1)
Step-by-step explanation:
To find the solution set, use the elimination method. You can do this my multiplying the whole first equation by 2 and then adding the two equations together.
6x + 4y = 8
2x - 4y = 8
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8x = 16
x = 2
Now that we have the value of x, solve for y using either equation.
2x - 4y = 8
2(2) - 4y = 8
4 - 4y = 8
-4y = 4
y = -1
