Patrick borrows $1400 from a bank with 10% simple interest each year. How much will Patrick need to pay back in total in 2 years
2 answers:
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Answer:
(a)
(b)
(c)
Step-by-step explanation:
We are required to construct 3 linear equations starting with the given solution z = 1/3.
<u>Equation 1</u>
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Multiply both sides by 9
Rewrite 3 as 5-2
9z=5-2
Add 2 to both sides
Our first equation is:
<u>Equation 2</u>
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Multiply both sides by 21
Rewrite 7 as 11-4
21z=11-4
Subtract 11 from both sides
Our second equation is:
<u>Equation 3</u>
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Multiply both sides by 6
Rewrite 6z as 4z+2z
4z+2z=2
Subtract 2z from both sides
Our third equation is: