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2 years ago

If Mary deposits $275 in principal at an interest rate of 3.2 percent, how much interest will she earn in one year

Mathematics

1 answer:

LUCKY_DIMON [66]2 years ago

3 0

I know 3.2% of $275 is $8.8
so i think $283.8

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Marty made a $220 bank deposit using $10 bills and $5 bills. She gave the teller a total of 38 bills, how many $5 bills were in

Luda [366]

ANSWER: 32 five-dollar bills

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EXPLANATION:

Let x be number of $5 bills

Let y be number of $10 bills

Since we have total of 38 bills, we must have the sum of x and y be 38

x + y = 38 (I)

Since the total amount deposited is $220, we must have the sum of 5x and 10y be 220 (x and y are just the "number of" their respective bills, so we multiply them by their value to get the total value):

5x + 10y = 220 (II)

System of equations:

$\left\{ \begin{aligned} x + y &= 38 && \text{(I)} \\ 5x + 10y &= 220 && \text{(II)} \end{aligned} \right.$

Divide both sides of equation (II) by 5 so our numbers become smaller

$\left\{ \begin{aligned} x + y &= 38 && \text{(I)} \\ x + 2y &= 44 && \text{(II)} \end{aligned} \right.$

Rearrange (I) to solve for y so that we can substitute into (II)

$\begin{aligned} x + y &= 38 && \text{(I)} \\ y &= 38 - x \end{aligned}$

Substituting this into equation (II) for the y:

$\begin{aligned} x + 2y &= 44 && \text{(II)} \\ x + 2(38 - x) &= 44\\ x + 76 - 2x &= 44 \\ -x &= -32 \\ x &= 32 \end{aligned}$

We have 32 five-dollar bills

======

If we want to finish off the question, use y = 38 - x to figure out number of $10 bills

$y = 38 - 32 = 6$

32 five-dollar bills and 6 ten-dollar bills

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