A certain bank offers a car loan with a fixed annual interest rate. Justine applied for the loan and used the entire amount to b
1 answer:
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Answer:
Option C (1, 0)
Step-by-step explanation:
We have a system with the following equations:
The first equation is a parabola.
The second equation is a straight line
To solve the system, substitute the second equation in the first and solve for x.
Simplify
You must search for two numbers that when you add them, obtain as a result -2 and multiplying both results in 1.
These numbers are -1 and -1
Therefore
Finally the solutions are
Answer:
$2,226.96
Step-by-step explanation:
You are going to want to use the compound interest formula, which is shown below.
<em>P = initial balance </em>
<em>r = interest rate </em>
<em>n = number of times compounded annually </em>
<em>t = time </em>
<em />
First, change 10% into its decimal form:
10% -> -> 0.1
Now lets plug in the values into the equation:
The final amount after 15 years is $2,226.96