subject
Mathematics, 05.01.2020 00:31 YoVeoAnime

The formula a = p + prt represents the value, a, of an investment of p dollars at a yearly simple interest rate, r, for t years. the equation to model the value, a, of an investment of $54 at 9.26% for t years is given by

a = 54 + 5t.

the equation to model the value, a, of an investment of $84 at 2.38% for t years is given by

a = 84 + 2t.

assuming a has the same value, the given equations form a system of two linear equations. solve this system using an algebraic approach and interpret your answer.

a. t = 5. the two investments will reach the same value in 5 years.
c. t = 1000. the two investments will reach the same value in 1000 years.
b. t = 20. the two investments will reach the same value in 20 years.
d. t = 10. the two investments will reach the same value in 10 years.

ansver
Answers: 1

Other questions on the subject: Mathematics

image
Mathematics, 21.06.2019 13:30, teamzomaxx8210
Write an equation of the line given the two points below (write your equation in slope-intercept form, y=mx+b): (-4, 4) and (6, -4)
Answers: 2
image
Mathematics, 21.06.2019 17:00, davin74
How do i do this? i don’t understand
Answers: 1
image
Mathematics, 21.06.2019 17:30, briiiii7410
Describe the domain and range of y=2(3)^x-2+5
Answers: 1
image
Mathematics, 21.06.2019 19:30, Davon21
If the ratio of sum of the first m and n terms of an ap is m2 : n2 , show that the ratio of its mth and nth terms is (2m − 1) : (2n − 1).
Answers: 3
You know the right answer?
The formula a = p + prt represents the value, a, of an investment of p dollars at a yearly simple in...

Questions in other subjects: