Let x = amount invested in 2% CD and y = amount invested in 3% CD
x + y = 60000
0.02x + 0.03y = 1600
SOLVE THE 1st EQUATION FOR x AND SUBSTITUTE RESULT IN 2nd
0.02(60000 - y) + 0.03y = 1600
1200 - 0.02y + 0.03y = 1600
0.03y = 400
y = 13333.34
x = 46666.66
The sum of the given series can be found by simplification of the number
of terms in the series.
- A is approximately <u>2020.022</u>
Reasons:
The given sequence is presented as follows;
A = 1011 + 337 + 337/2 + 1011/10 + 337/5 + ... + 1/2021
Therefore;
The n + 1 th term of the sequence, 1, 3, 6, 10, 15, ..., 2021 is given as follows;
Therefore, for the last term we have;
2 × 2043231 = n² + 3·n + 2
Which gives;
n² + 3·n + 2 - 2 × 2043231 = n² + 3·n - 4086460 = 0
Which gives, the number of terms, n = 2020


Which gives;


Learn more about the sum of a series here:
brainly.com/question/190295
7:5
8:15 days
Please don't get mad at me if their are incorrect but i'm sure they are right!