Answer:
$13,200
Step-by-step explanation:
You need to use the simple interest formula
I = P * r * t
I = Interest accrued
P = Principal amount invested
r = Interest rate you need to divide by 100 to get it in decimal form
t = time, in years if you are given a partial year, divide the months by 12
P = $12,000
r = 7.5% = .075
t = 1
But, because we want I to equal $990 then I is
I = $990
So we ignore our P and instead solve for the P that will give us the desired result.
I = P * r * t
$990 = P * .075 * 1
$990 = P.075 Divide each side by .075
$990/.075 = P.075/.075
$990/.075 = P
$13,200 = P
So, to earn an annual interest income of $990, $13,200 will have to be invested in the 7.5% bond.
Answer:
x>4
Step-by-step explanation:
2x>4(3x-5)-20
2x>12x-20-20
2x>12x-40
2x-12x>-40
-10x>-40
x>4
Well, one advantage simply is that its a loan. If its a loan, you can pay little by little until its paid off. Not sure if this helps, but I hope it does.
Y=2/1x
Explanation:You start at -4 from the y and go to 6.So that becomes 10. Then you start at -2 from the x then go to 3 which mean you moved 5.So 10/5 simplified is is 2/1
