Answer: The amount of money in his account after 4 years = $7,658.73
Step-by-step explanation:
If interest is compounded annually, then formula to compute amount :
, where P+ principal value, r= rate of interest, n= time ( in years).
As per given,
P= $6700 , r = 3.4% =0.034, n =4
Hence, the amount of money in his account after 4 years = $7,658.73
Answer: 4188.8
Step-by-step explanation:
Answer:
$3
Step-by-step explanation:
Let c represent the cost of a box of cereal and let m represent the cost of a jug of milk.
Create a system of equations:
2c + m = 8.5
3c + 2m = 14
Solve by elimination by multiplying the top equation by -2:
-4c - 2m = -17
3c + 2m = 14
Add them together and solve for c:
-c = -3
c = 3
So, a box of cereal costs $3
