Mr Cash invested $80,000 dollars in various stocks and bonds. He earned a 7% dividend on his stocks, and 5% interest on his bond
s, for a one year profit (from both stocks and bonds) of $4900. How much did Mr Cash invest in bonds?
1 answer:
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Answer:
y = 3/4x - 2
Step-by-step explanation:
Slope-Intercept Form: y = mx + b
Slope Formula:
Step 1: Define
(0, -2) y-intercept
(4, 1) random point
Step 2: Find slope <em>m</em>
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y = 3/4x + b
Step 3: Write linear equation
y = 3/4x - 2