Need help with 6 ASAP
1 answer:
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Answer:
APY = 0.04 or 4%
Step-by-step explanation:
Given the annual percentage rate of 3.5% that is compounded quarterly, and a principal of $6,500:
We can use the following formula to solve for the annual percentage yield (APY):
where <em>r</em> = interest rate = 3.5% or 0.035
<em> n</em> = number of compounding periods per year = 4
We can plug in the values into the equation:
APY = 1.03546 - 1
APY = 0.04 or 4%
Answer:
(3,-1)
Step-by-step explanation:
So we have the system of equations:
As directed, add straight down. The y-variable will cancel:
Now, divide both sides by 5. The left cancels:
So x is 3.
Now, substitute 3 for x in either of the equations:
Substitute 3 for x:
Multiply:
Subtract 9 from both sides:
So, our answer is: x=3, y=-1 or (3,-1).
And we are done :)