Please help me with this sum I will mark you as braines t
1 answer:
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Answer:
The principal must be = $8991.88
Step-by-step explanation:
Formula for compound interest is:
Where A is the amount after 't' years.
P is the principal amount
n is the number of times interest is compounded each year.
r is the rate of interest.
Here, we are given that:
Amount, A = $15000
Rate of interest = 13 % compounded quarterly i.e. 4 times every year
Number of times, interest is compounded each year, n = 4
Time, t = 4 years.
To find, Principal P = ?
Putting all the given values in the formula to find P.
So, <em>the principal must be = $8991.88</em>
Answer:
y= = 0.75
Step-by-step explanation:
To subtract the second equation from the first equation, you have to divide the equation as left of the equal sign and right of equal sign then do the calculation separately. The calculation will look like this
-3x +2y = 7
-3x - 2y = 4
_____________ -
(-3x +2y) - (3x -2y) = 7 - 4
-3x + 2y + 3x + 2y = 3
4y= 3
y= = 0.75