Answer:
$448
Step-by-step explanation:
We can use the simple interest formula for this:
<em>P = initial balance</em>
<em>r = annual interest rate</em>
<em>t = time</em>
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First, change 4% into its decimal form:
4% -> -> 0.04
Now, lets plug in the values:
The total amount in the account after 3 years will be $448
Answer:
Step-by-step explanation:
This question can be solved by a system of equations.
I am going to say that:
x is the number of regular fares paid.
y is the number of reduced fares paid.
1,042 total fares were paid
This means that
A city bus collected $1,140 in fares on a given day. The regular fare is $1.50, and the reduced fare is $0.75.
This means that:
System of equations:
The system of equations is: