document.write( "Question 1014256: You decide to invest some money in two different money markets. One account (a) pays 3% interest. The other account pays 2% but offers $20 bonus.write an expression for each account to determine interest and bonus you woul earn in two years. Use y to represent interest and bonus and x to represent the principle invested\r
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document.write( "Y=x(.03)(2)=6 \n" );
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Algebra.Com's Answer #630563 by stanbon(75887)![]() ![]() ![]() You can put this solution on YOUR website! You decide to invest some money in two different money markets. \n" ); document.write( "One account (a) pays 3% interest. \n" ); document.write( "I(2) = P*0.03*2 = 0.06P \n" ); document.write( "====== \n" ); document.write( "The other account pays 2% but offers $20 bonus. \n" ); document.write( "I(2) = 20 + P(0.02)*2 = 20 + 0.04P \n" ); document.write( "---------------------------------------------- \n" ); document.write( "Write an expression for each account to determine interest and bonus you would earn in two years. \n" ); document.write( "----- \n" ); document.write( "Cheers, \n" ); document.write( "Stan H. \n" ); document.write( "-----------\r \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " |