Hi!
<u>Given these two equations:</u>
We want to solve using the substitution method. Knowing that x is equal to y + 8, we can simply plug in 'y + 8' in for x in the second equation, like so:
Combine like terms on both sides:
Subtract y from both sides:
Subtract 8 from both sides:
Now, we can simply plug the y value in to the first equation, and solve for x:
Simplify:
<u>Learn more about the substitution (and also elimination!) method here:</u>
Answer:
Maureen earned $123.19 doing odd jobs
Step-by-step explanation:
The compound interest formula is given by:
Where A(t) is the amount of money after t years, P is the principal(the initial sum of money), r is the interest rate(as a decimal value), n is the number of times that interest is compounded per unit year and t is the time in years for which the money is invested or borrowed.
In this question:
Compounded quarterly means that
10 years, so
9% interest, so
There is $300.00 in the account, which means that
How much did Maureen earn doing odd jobs?
This is P.
Maureen earned $123.19 doing odd jobs