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Oksanka [162]
2 years ago
5

Manert’s grandfather put $4100 in the bank for him when he was born. The account has been earning 6.5% interest compounded annua

lly. Manert is now 25 years old and wants to take out the money so he can go to college. How much money does he have now?​
Mathematics
1 answer:
Travka [436]2 years ago
3 0

Answer:

Ans: $19,793

Step-by-step explanation:

Compound interest:

A = P(1+6/100)²⁵

= 4100(1+0.065)²⁵

=19,793

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Step-by-step explanation:

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Answer: For the system given, there is no solution.

The slopes are the same for both equations, so the lines are parallel. With no intersection, there is no solution.

It may be easier to graph the system if you change the equations to slope intercept form  y = mx + b

That locates the y-intercept, <em><u>b</u></em> and you can use the slope, <em><u>m</u></em> to plot additional points to draw the lines.

The attachment shows the graph of this system of equations.

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<u>First equation:</u>

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<u>Second equation:</u>

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