You are trying to find the values of two quantities, so you will need to set up a system of two equations in two variables. We'll call M the price of a movie and V the price of a video game.

The first month: 3 movies, 8 video games, $55. Let's translate this into algebra:

3M + 8V = 55

The second month: 5 movies, 2 video games, $18. Translated:

5M + 2V = 18

Solve that system of equations

5 0

3 years ago

Find the missing values assuming continuously compounded interest. (Round your answers to two decimal places.)

alexdok [17]

Answer:

Step-by-step explanation:

Using the compound interest formula to calculate the amount compounded after 10years.

$A = P(1+r)^{nt}$

P = principal = $2000

r = rate (in %) = 5.6%

t = time (in years) = 10years

n = 1year = time used in compounding

$A = 2000(1+0.056)^{10} \\A = 2000(1.056)^{10}\\A = 2000*1.7244046\\A = 3448.81 (to\ 2dp)$

Amount compounded after 10 years is $3448.81

4 0

4 years ago