Brian has 40000 to invest in a mix of corporate and municipal bonds. The corporate bond pays 10% simple annual interest and the
1 answer:
Answer:
Sum of money invested in corporate bonds = 30,000
Step-by-step explanation:
Total sum = 40,000
The rate of interest for corporate bonds = 10 % = 0.1
The rate of interest for municipal bonds = 6 % = 0.06
Total interest = 3600
Let sum of money invested in corporate bonds = x
The sum of money invested in municipal bonds = 40000 - x
× 0.1 × 1 + (
) × 0.06 × 1 = 3600
(0.1- 0.06) + 2400 = 3600
0.04 = 1200
= 30,000
Since x = sum of money invested in corporate bonds
So sum of money invested in corporate bonds = 30000
You might be interested in
The <em>correct answers</em> are:
C) No: we would need to know if the vertex is a minimum or a maximum; and
C)( 0.25, 5.875).
Explanation:
The domain of any quadratic function is all real numbers.
The range, however, would depend on whether the quadratic was open upward or downward. If the vertex is a maximum, then the quadratic opens down and the range is all values of y less than or equal to the y-coordinate of the vertex.
If the vertex is a minimum, then the quadratic opens up and the range is all values of y greater than or equal to the y-coordinate of the vertex.
There is no way to identify from the coordinates of the vertex whether it is a maximum or a minimum, so we cannot tell what the range is.
The graph of the quadratic function is shown in the attachment. Tracing it, the vertex is at approximately (0.25, 0.5875).
