Answer:
Ok thansk
Step-by-step explanation:
Answer:
The approximate monthly rate of growth is 1.24%
Step-by-step explanation:
we have the future value formula

we have
----> annual interest rate
so


Find the approximate monthly rate of growth
Remember that

so
Divide the number of periods t by 12

Applying power rules property



Convert to percentage

therefore
The approximate monthly rate of growth is 1.24%
You solve this by plugging one equation into the other. Usually you have to rewrite one equation to make this work. In this case I choose to rewrite y-4x=0 as y=4x.
After plugging it into the second, you get:
3x + 6*4x = 9 => 27x = 9 => x=1/3
Putting this solution back into y=4x gives us y=4/3