Answer:
Step-by-step explanation:
Use the basic simple interest formula:
P * r * t = I and put the info into a table with those variables along the top, formig the columns we need:
P * r * t = I
Acct 1
Acct 2
If we have a total of 1500 to split up between 2 accounts, we put x amount of money into one and then have 1500-x left to put into the other. We will fill those in along with the interest rates in decimal form and the time of 1 year:
P * r * t = I
Acct 1 x .04 1
Acct 2 1500-x .05 1
Looking at the formula we are told that Prt = I, so we will multiply P times r times t and fill in the I column:
P * r * t - I
Acct 1 x .04 1 .04x
Acct 2 1500-x .05 1 .05(1500-x)
The total Interest earned by the addition of the interest earned from both accounts is 69.50. So we add the interest column together and set it equal to 69.50:
.04x + .05(1500 - x) = 69.50 and
.04x + 75 - .05x = 69.50 and
-.01x = -5.5 so
x = 550
That's how much money is in the account earning 4% interest.
No that statement is not always true. There is only one solution to this equation.
Answer:
6
Step-by-step explanation:
8.05 divided by 1.25 is 6.44
Answer:



Step-by-step explanation:
= (probability of entire face value paid*face value+probability of entire face value not paid*percent of face value paid*face value)/(1+discount rate)^years to maturity
probability of entire face value paid = 75%
face value = 1000
probability of entire face value not paid = 25%
percent of face value paid= 60%
discount rate = 15%
years to maturity = 3



Answer:
388
Step-by-step explanation: