The final balance is $154,577.63 or
The total compound interest is $61,577.63
Step-by-step explanation:
Compound interest formula:
A = P(1+r/n)^nt
A ifs total amount
P = principal
r = interest rate
t = time
n = compound time
A = 2000(1+0.03/1)^4*1
A = $2,251.02
<em>Note: I am assuming your second equation is:</em>
<em>x = 2y - 1</em>
<em></em>
Answer:
The solution to the system of equations is:
Step-by-step explanation:
Given the system of equations
2x+y=3
x = 2y - 1
solving the system of equations using the elimination method
Arrange equation variables for elimination
Multiply x-2y=-1 by2: 2x-4y=-2
subtracting the equations
now solve -5y = -5 for y
Divide both sides by -5
Simplify
For 2x+y=3 plug in y=1
subtract 1 from both sides
Simplify
Divide both sides by 2
Simplify
Therefore, the solution to the system of equations is:
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