3. Multiplying Polynomials
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Start by writing an expression for each case. Then add them.
A=6240-0.02x
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.
Hence, the amount A of money in one year will be 6240-0.02x. A=6240-0.02x