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I have invested £10000 for 5 years and I how have £12763 in my account. What is my banks interest rate?

This question is an example of compound interest rates. The question asks to find the interest rate of the bank. So first of all we should form an equation relating our initial amount, interest rate, time...

Answered by Amir S. • Maths tutor

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Solve these equations simultaneously, y= 5x - 9and, x=2y

X=2Y=1

Answered by Charlie P. • Maths tutor

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Solve the curve xy=2 and x+y=3

This question is a simultaneous equation, this means we substitute one value into the other equation.We are looking for the points where the curves intersect.First I would take x+y=3 and bring the y over ...

Answered by Peter M. • Maths tutor

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What is the value of an investment of £4500 with compound interest of 1.3% after six years?

We solve this by multiplying the starting value, £4500 , by 1 + {the interest rate expressed as a decimal} , or in this case, 1 + 0.013 . This gives us £4500 x 1.013⁶ and when we type this into...

Answered by Mark C. • Maths tutor

2674 Views

How do changes to the coefficient of x affect the graph y = f(x) as opposed to changes to the coefficient of f(x)?

If you change the coefficient of x, it will stretch or squash the graph in the x direction by the reciprocal of the factor that the coefficient is changed by. If you change the coefficient of f(x), then t...

Answered by Jesper B. • Maths tutor

6798 Views