McGraw Hill Integrated II, 2012
MH
McGraw Hill Integrated II, 2012 View details
3. Multiplying Polynomials
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Exercise 54 Page 27

Start by writing an expression for each case. Then add them.

A=6240-0.02x

Practice makes perfect
We will start by writing an expression for the amount of money after one year in the savings account that pays 2 % interest per year. Carrie puts x dollars into that account. x* (1+ 0.02)^1 ⇒ x* (1.02) The rest of the money (6000-x) is used to buy a certificate of deposit that earns 4 % interest. (6000-x)* (1+0.04)^1 ⇕ (6000-x)* (1.04) The sum of the expressions will give the amount of money that Carrie will have in one year.
(6000-x)* (1.04)+ 1.02x
6240-1.04x+1.02x
6240-0.02x
Hence, the amount A of money in one year will be 6240-0.02x. A=6240-0.02x