Simple interest is given by:
S.I.=(PRT)/100
where:
P=principle
R=rate
T=time
from the question:
P=2681.04
R=13%
T=12 months=1 year
thus;
S.I=(2681.04×1×1.3)/100
=$34.85352
The total amount payable will be:
Total amount=principle+interest
=34.85342+2681.04
=$2715.90 This is approximately equal to $2,710.08
Answer:
C
Step-by-step explanation:
Since y will have same value, y doesn't really matter. Thus,
We can solve for y in the 2nd equation as:
-3x - y = 4
-3x - 4 = y
Now we can plug it into the first and solve for x:
-9x + 4y = 8
-9x + 4(-3x - 4) = 8
-9x - 12x - 16 = 8
-21x = 8 + 16
-21x = 24
x = 24/-21
x = -8/7
Correct answer is C.
So an exponential equation is gonna be used for this problem. The formula for such is

, in which the a variable is the initial value and the b variable is the growth/decay rate.
For this situation, 1200 is gonna be your a variable since you've started out with it. And as for your b variable, its gonna be 107.3%, or 1.073, since it's increasing.
Your equation should look like this:

and from here just plug in 10 into the x variable and solve.
Multiply (1.073)^10 (don't round answers until the end), and take that answer and multiply it with 1200, your answer should be $2427.61.