Answer:
Question 3
Equation for Malik:
y = 350 + 7x
Equation for Saraiah:
y = 400 + 4x
Question 4
Both of them will have the same amount of money after
50/3 years
or
16 2/3 years
or
16 years 8 months
Explanation:
- Malik's interest rate as decimal = 2/100 = 0.02
- Saraiah's interest rate as decimal = 1/100 = 0.01
- The formula for simple interest is given as
I = P r t\
- The total amount earned including interest
= Principal + Interest
= P + P · r · t
= P(1 + r · t)
- We are asked to use y for the total amount and x for the number of years
- In terms of y = total amount and x = number of years:
y = P(1 + r · x)
#3
Amount in Malik's account after x years given 2% interest
y = 350(1 + 0.02x)
y = 350 + 7x
For Saraiah's account:
y = 400(1 + 0.01x)
y = 400 + 4x
#4
If both Malik and Saraiah have the same amount of money after x years, then the right side of both their equations must be equal
Therefore


Therefore both of them will have the same amount of money after
years which is
years
2/3 year = 2/3 x 12 months = 8 months
So both of them will have the same amount of money after
years or 16 years and 8 months