Answer:
<h2>
4076.56</h2>
Step-by-step explanation:
First we need to calculate the James monthly charges on his balance of 4289.
Using the simple interest formula;
Simple Interest = Principal * Rate * Time/100
Principal = 4289
Rate = 5%
Time = 1 month = 1/12 year
Simple interest = 4289*5*1/12*100
Simple interest = 21,445/1200
Simple interest = 17.87
<u>If monthly charge is 17.87, yearly charge will be 12 * 17.87 = </u><u>214.44</u>
The balance on his credit card one year from now = Principal - Interest
= 4289 - 214.44
= 4076.56
The balance on his credit card one year from now will be 4076.56
X + y = 1
x + 3y = 9
Subtract the second equation from the first.
-2y = -8
divide both sides by -2
y = 4
Plug 4 back into either equation and solve for x.
x + y = 1
x + 4 = 1
subtract 4 from each side
x = -3
(-3, 4)
Answer: 92/3 OR 30 2/3 ??
Step-by-step explanation:
