The system of equations below form a line and a parabola. Select all possible solutions to this system from the answer choices b
1 answer:
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Answer:
Step-by-step explanation:
To find x, the following equation is generated given the available information:
Cross multiply
Collect like terms
Answer:
The balance of account at the end of 36 years is $31,849.29
Step-by-step explanation:
We are given the following in the question:
P = $3,300
r = 6.5% = 0.065
t = 36 years
The compound interest is given by:
where A is the amount, p is the principal, r is the interest rate, t is the time in years and n is the nature of compound interest.
Since interest is compounded annualy we use n = 1
Thus, balance of account at the end of 36 years is $31,849.29