Help please!! :) 20 points & brainliest for first correct answer!!
1 answer:
You might be interested in
2x+5y=20
X=10-2.5y
-2(10-2.5y)+20y=-90
-20+5y+20y=-90
25y=-70
Y=2.8
2(2.8)+5y=20
5.6+5y=20
5y=14.4
Y=2.88
CHECK:
2(2.8)+5(2.88)=20
X=10-2.5y
-2(10-2.5y)+20y=-90
-20+5y+20y=-90
25y=-70
Y=2.8
2(2.8)+5y=20
5.6+5y=20
5y=14.4
Y=2.88
CHECK:
2(2.8)+5(2.88)=20
Answer:
$ 254.85
Step-by-step explanation:
Total amount invested = $ 560
Interest rate = r = 4.8% = 0.048
Time in years = t = 8 years
The formula for compound interest is:
Here,
A is the total amount accumulated after t years. P is the amount invested initially and n is the compounding periods per year. Since in this case compounding is done annually, n will be 1. Using the values in the above formula, we get:
Thus, the total amount accumulated after 8 years will be $ 814.85
The amount of interest earned will be:
Interest = Amount Accumulated - Principal Amount
Interest = $ 814.85 - $ 560 = $ 254.85
By the end of 8 years, $ 254.85 would be earned in interest.