Answer:
Fernando invested $ 5000 on the 5-year CD and $ 4000 on the 18-month CD.
Step-by-step explanation:
Since Fernando invested money in a 5-yr CD (certificate of deposit) that returned the equivalent of 3.3% simple interest, and the invested $ 1000 less in a 18-month CD that had a 2% simple interest return, if the total amount of interest from these investments was $ 945.00, to determine how much was invested in each CD the following calculation must be performed:
3.3 x 5 = 16.5
2 x 1.5 = 3
4000 x 0.165 + 3000 x 0.03 = 750
6000 x 0.165 + 5000 x 0.03 = 1140
5000 x 0.165 + 4000 x 0.03 = 945
Therefore, Fernando invested $ 5000 on the 5-year CD and $ 4000 on the 18-month CD.
Answer : Y=-15/7
Explanation:
Answer:
x=2
Step-by-step explanation:
In order to solve this problem, you need to find the scale factor. This is done through cross multiplying proportions. In this instance, you have to cross multiply x/4 by 3.5/7. When you multiply x and 7, you get 7x. When you multiply 3.5 and 4, you get 14. Simplify by isolating the variable, and you get 2.
The answer is 2.5 because the point is at the middle. Hope this’ll help
