Answer: $2294 should be invested in the simple interest account while $4588 should be invested in the certificate of deposit.
Step-by-step explanation:
Let x represent the amount that he would deposit in the simple interest account.
Let y represent the amount that he would deposit in the certificate of deposit.
she will deposit twice as much in the certificate of deposit. It means that
y = 2x
Interest from the simple interest account would be 7%. This mean that the interest would be 7/100 × x = $0.07x
Interest from the certificate of deposit account would be 5%. This mean that the interest would be 5/100 × y = $0.05y.
The total interest from both accounts would be $390. It means that
0.07x + 0.05y = 390- - - - - - - - - - 1
Substituting y = 2x into equation 1, it becomes
0.07x + 0.05 × 2x = 390
0.07x + 0.1x = 390
0.17x = 390
x = 390/0.17 = $2294
y = 2x = 2 × 2294
y = 4588
point slope form
y-y1 = m(x-x1)
y-9 = 2(x-1)
change to slope intercept form
y-9 = 2(x-1)
distribute
y-9 = 2x-2
add 9 to each side
y = 2x-2+9
y = 2x+7
Answer:
$2.50
Step-by-step explanation:
Since there are 2 pounds in the bag, you simply divide $5.00 by 2 to get the price of a single pound.
Answer:
they are equivalent
Step-by-step explanation:
simplifying 12r + p -4r + 6p you get 8r + 7p
so yes they are equal
Answer:
5050
Step-by-step explanation:
S=n*(n+1) / 2
S=100 * (100+1) /2 = 50 * 101 = 5050
