The amount of money invested at 12% was $4327 while $1442 was invested at 7%.
<h3>What is an
equation?</h3>
An equation is an expression that shows the relationship between two or more numbers and variables.
Let x represent the amount invested at 12% and y represent the amount invested at 7%, hence:
x + y = 5679 (1)
Also:
0.12x = 0.07y + 407.5 (2)
From both equations:
x = 4327, y = 1442
The amount of money invested at 12% was $4327 while $1442 was invested at 7%.
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You get 75,015.45 without rounding. once you round, you get 75,015.5
Answer and explanation:
The hedging strategy is one where an individual is able to hold two opposing positions such that he is able to protect either position from profit or loss as each move in opposite directions. For example in this situation, if Sue wants to hedge her bets here, she would need to place a bet that there will be a quiz and also place a bet that there will be no quiz. In this way she uses up to $40, $20 for no quiz and $20 for a quiz. If for instance it goes in Torik's favour and there is no quiz, Sue loses $20 but also gets that $20 back. If it goes in Sue's favour, then she makes $60
Answer:
A= (-7/2,2) B=(3,-5) C=(3,9)
Step-by-step explanation:
Answer:
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Step-by-step explanation:
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