1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
larisa86 [58]
3 years ago
11

A mother wants to invest ​$6000 for her​ children's education. She invests a portion of the money in a bank certificate of depos

it​ (CD account) which earns​ 4% and the remainder in a savings bond that earns​ 7%. If the total interest earned after one year is $ 360​, how much money was invested at each​ rate?
How much money was invested in the CD​ account?
​$______
​(Round to the nearest​ cent.)
How much money was invested in savings​ bonds?
​$_________
​(Round to the nearest​ cent.)
Mathematics
1 answer:
mariarad [96]3 years ago
8 0

Answer:

Money invested in CD account: $2000

Money Invested in Savings Bond: $4000

Step-by-step explanation:

Given

Total amount=$6000

Let  

x be the amount invested in CD at 4%

And

6000-x be the remaining amount invested in savings bond at 7%

So mathematically writing

0.04x+0.07(6000-x)=360

0.04x+420-0.07x=360

-0.03x+420=360

-0.03x=360-420

-0.03x= -60

x= -60/(-0.03)

x=$2000

So the amount invested in CD is $2000.

And the amount invested in savings bond is:

=6000-x

=6000-2000

=$4000  ..

You might be interested in
Please help me with these please
raketka [301]

Answer:

1. Decimal

2.The initial amount of money

3. Interest

Step-by-step explanation:

1. Convert to a decimal before any thing else

2.  Is the money you are putting in the bank

3. it  stands for Interest

7 0
3 years ago
Read 2 more answers
I need help with this magic number puzzle
klasskru [66]
What is a magic number puzzel
7 0
3 years ago
Read 2 more answers
Graph the line.<br> Don’t mind the random letters Fghhujhgdfvfdfgvee de f
CaHeK987 [17]

Answer:

Step-by-step explanation:

Here, we want to graph the given line

Mathematically, to graph a line, we will

need to work with the intercepts

The general equation of a straight line is;

y = mx + b

m

is the slope and b is the y-intercept

with respect to the question, 4 is the y-intercept

we have this point as (0,4)

To get the x intercept, we will need to substitute 0 for the value of y

So, we have ;

0 = -x + 4

x = 4

The x-intercept too is 4

This is the point (4,0)

So by joining the points (0,4) and (4,0);

we have successfully graphed the line

It can be found as an attachment below

8 0
3 years ago
A science fair poster is a rectangle 4 feet long and 3 feet wide. What is the area of the poster in square inches?
Slav-nsk [51]
4x3=12 the poster is 12 feet^2 but now you have to convert it into inches. 12 inches=1 foot so you multiply 12x12 =144 so the poster is 144in^2
6 0
3 years ago
You are testing two food scales for accuracy by weighing two different types of foods.
vlabodo [156]

Answer:

Sample 2.

Step-by-step explanation: Trust

5 0
3 years ago
Other questions:
  • Please answer. 60 points.
    8·2 answers
  • Question 2(Multiple Choice Worth 1 points) (07.01 MC) A box has 6 beads of the same size, but all are different colors. Tania dr
    11·1 answer
  • Please help!!! <br><br> How tall is the tree?
    13·1 answer
  • SOMEONE PLEASE HELP ASAP!! THANK YOU SO MUCH!!!
    15·1 answer
  • 64 divided by 13,248
    6·2 answers
  • Complete the equation for the standard form of the line that has an x-intercept of –4 and a y-intercept of 3
    5·1 answer
  • Use the number line to find each measure
    5·1 answer
  • Can somebody help me with this question
    6·1 answer
  • Simplify 3a^2+14-17a-12a^2+11a+6a​
    5·1 answer
  • Pls help i need this homework twiz
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!