Answer:
(1.25, - 5 )
Step-by-step explanation:
Given the 2 equations
- 4x + 3y = - 20 → (1)
4x + 2y = - 5 → (2)
Adding the 2 equations term by term will eliminate the x- term
5y = - 25 ( divide both sides by 5 )
y = - 5
Substitute y = - 5 into either of the 2 equations and solve for x
Substituting into (2)
4x + 2(- 5) = - 5, that is
4x - 10 = - 5 ( add 10 to both sides )
4x = 5 ( divide both sides by 4 )
x = = 1.25
Solution is (1.25, - 5 )
Answer:
To earn $10 in 1st month, the principal must be $4,000.
No, the poster cannot claim that "Open an account of $2 comma 500 and earn at least $10 interest in 1 month!".
Step-by-step explanation:
We have been given that a bank manager wants to encourage new customers to open accounts with principals of at least $2,500. He decides to make a poster advertising a simple interest rate of 3%. We are asked to find the principal to advertise that one can earn $10 the first month.
We will use simple interest formula to solve our given problem.
, where,
I = Amount of interest,
P = Principal amount,
r = Annual interest rate in decimal form,
t = Time in years.
1 month will be equal to .
Therefore, to earn $10 in 1st month, the principal must be $4,000.
Now, we will check if an account of $2,500 can earn at least $10 interest in 1 month.
Since the account earns an amount of $6.25 in one month, therefore, the poster is not true.