How much interest will be earned on a $1600 investment at 7.72% compounded quarterly for 9 years?

A = $3,198.17

A = P + I where

P (principal) = $1,600.00

I (interest) = $1,598.17

Step-by-step explanation:

First, convert R as a percent to r as a decimal

r = R/100

r = 7.72/100

r = 0.0772 rate per year,

Then solve the equation for A

A = P(1 + r/n)nt

A = 1,600.00(1 + 0.0772/12)(12)(9)

A = 1,600.00(1 + 0.006433333)(108)

A = $3,198.17

Summary:

The total amount accrued, principal plus interest, with compound interest on a principal of $1,600.00 at a rate of 7.72% per year compounded 12 times per year over 9 years is $3,198.17.

mr. flanders’ class sold 47 doughnuts and   mr. rodriquez’s class sold 38 cartons of milk

step-by-step explanation:

let x be the number of doughnuts sold by mr. flanders’ class and y be the number of cartons sold by mr. rodriquez’s class.

1. together, the classes sold 85 items, then

x+y=85.

2. both classes earn earned $104.49 for their school. if doughnuts were sold for $1.35 each, then x doughnuts costed $1.35x. if cartons of milk were sold for $1.08 each, then y cartons costed $1.08y. hence,

1.35x+1.08y=104.49.

3. solve the system of two equations: