Let the amount invested at 3% = x
Let the amount invested at 6% = y.
From the total amount invested, we get this equation.
x + y = 18
Now we look at the interest earned.
The 3% account earns 0.03x
The 6% account earns 0.06y
5% on the entire amount is 0.05 * 18 = 0.9
This gives us the second equation.
0.03x + 0.06y = 0.9
Now we have a system of 2 equations in 2 unknowns.
x + y = 18
0.03x + 0.06y = 0.9
Solve the first equation for y:
y = 18 - x
Replace 18 - x for y in the second equation.
0.03x + 0.06y = 0.9
0.03x + 0.06(18 - x) = 0.9
0.03x + 1.08 - 0.06x = 0.9
-0.03x + 1.08 = 0.9
-0.03x = -0.18
x = 6
Answer: He invested $6 at 3%.
Answer:
2466.08
Step-by-step explanation:
in 2466.075 the hundreth value is the 7. Since 5 makes the number go up when rounding, it is 2466.08
Answer:
P(not 5) = 5/6
Step-by-step explanation:
There are 6 possible equally likely outcomes {1, 2, 3, 4, 5, 6}. The probabiity of each outcome is 1/6. There are five outcomes in the even "not 5" -- {1, 2, 3, 4, 6}. The probability of the event is 5/6.
For perpendicular lines, m1m2 = -1 or m2 = -1/m1; where m1 and m2 are the slopes of the lines.
Here line 1 is 3x - 7y = 42
7y = 3x - 42
y = 3/7 x - 6; Hence m1 = 3/7
m2 = -1/(3/7) = -7/3
Required equation y - y1 = m2(x - x1)
y - (-8) = -7/3(x - (-3))
y + 8 = -7/3(x + 3)
y + 8 = -7/3 x - 7
y = -7/3 x - 7 - 8
y = -7/3 x - 15
Answer:
Explanation:
<u>1. Calculate the monthly interest owed during year 1</u>
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- <em>Interest for first year: 8%</em>
- The monthly rate is the yearly rate divided by 12: 8% / 12 = 0.08/12
- The monthly interest owed is the monthly rate times the balance: (0.08/12)×$1,800 = $12.00
<u>2. Calculate the monthly interest owed during year 2</u>
<u />
- <em>Interest for second year: 23%</em>
- The montly rate is the yearly rate divided by 12: 23% / 12 = 0.23/12
- The monthly interest owed is the monthly rate times the balance: (0.23/12)×$1,800 = $34.50
<u>3. Calculate the difference</u>
- Difference in the monthly interest owed during year 1 and year 2 = $34.50 - $12.00 = $22.50
Hence, the answer is the option c) $22.50