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Karolina [17]
2 years ago
12

Translate the verbal statements into a system of linear equations: Fatima invested a total of $1000 in two simple-interest bank

accounts. One account paid 5% annual interest; the other paid 6% annual interest. The total amount of interest she earned after 1 year was $56
Mathematics
1 answer:
mixas84 [53]2 years ago
6 0

Answer:

Step-by-step explanation:

Translate the verbal statements into a system of linear equations: Fatima invested a total of $1000 in two simple-interest bank accounts. One account paid 5% annual interest; the other paid 6% annual interest. The total amount of interest she earned after 1 year was $56

Simple interest formula =

I = PRT

We are to find the Amount = Principal invested

For Account 1

I1 = P × 5% × 1

= 0.05P

Account 2

I2 = P × 6% × 1

= 0.06P

Therefore:

0.05P + 0.06P = $56

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beks73 [17]

Answer:

y = 8.50x - 6.00

Step-by-step explanation:

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2 years ago
How much longer is the big arc than the small arc. Give the answer to 1 decimal place
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Circumference of the outer circle = 2πr = 2π(6) = 12π

circumference of the outer arc = 120/360 x 12π = 12.57cm

circumference of the inner circle = 2πr = 2π(5) = 10π

circumference of the inner arc = 120/360 x 10π = 10.47 cm

Difference in length = 12.57 - 10.47 = 2.1cm (1 d.p.)

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Amanda just took out a loan for $950 at a 7.2% APR, compounded monthly, to
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Answer:

C. 16 months faster

Step-by-step explanation:

You can solve this using a Financial calculator( TI BA II plus in this case)

First, find number of months if recurring monthly payment is $38.50;

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Monthly rate ; I/Y  = 7.2%/12 = 0.6%

Monthly payment; PMT = 38.50

Future value ; FV = 0

Total duration;  press CPT, N = 26.785  OR 27 months

Next, find number of months if recurring monthly payment is $93;

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Difference = 27 -11 = 16

Therefore, she would be able to pay off the loan 16 months faster.

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I free chance !!!! your welcome :)
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