Answer:
you would put a point on 10 then an arrow up to 20
Step-by-step explanation:
Answer:
When you buy expensive items with a loan, you often need to make a down payment to cover a portion of the purchase price. That initial payment is often critical for getting approved, and it can affect your borrowing costs throughout the life of your loan. As a result, it’s wise to understand how down payments work so you can choose the right down payment amount.
Let x = amount invested in 2% CD and y = amount invested in 3% CD
x + y = 60000
0.02x + 0.03y = 1600
SOLVE THE 1st EQUATION FOR x AND SUBSTITUTE RESULT IN 2nd
0.02(60000 - y) + 0.03y = 1600
1200 - 0.02y + 0.03y = 1600
0.03y = 400
y = 13333.34
x = 46666.66
Ok cccccccccccccccccccccc
