Answer:
You invested $22,000 in two accounts paying 3% and 5% annual interest, respectively. If the total interest earned for the year was $980, how much was invested at each rate?
Step-by-step explanation:
let x=amt invested at 3% rate of interest.
22000-x=amt invested at 5% rate of interest.
.03x+.05(22000-x)=980
.03x+1100-.05x=980
.02x=120
x=6000
22000-x=16000
amt invested at 3% rate of interest=$6,000
amt invested at 5% rate of interest=$16,000
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Subtracting the second equation by 18 on both sides, we have xy=-18. Next, we divide both sides by x to get y=-18/x Plugging that into the first equation, we have x+2(-18/x)=9. Multiplying both sides by x, we get x^2-36=9x. After that, we subtract both sides by 9x to get x^2-9x-36=0. Finding 2 numbers that add up to -9 but multiply to -36, we do a bit of guess and check to find the answers to be -12 and 3. Factoring it, we get
x^2-12x+3x-36=x(x-12)+3(x-12)=(x+3)(x-12). To find the x values, we have to find out when 0=(x+3)(x-12). This is simple as when you multiply 0 with anything, it is 0. Therefore, x=-3 and 12. Plugging those into x=-18/y, we get x=-18/y and by multiplying y to both sides, we get xy=-18 and then we can divide both sides by x to get -18/x=y. Plugging -3 in, we get -18/-3=6 and by plugging 12 in we get -18/12=-1.5. Therefore, our points are (-3,6) and (12, -1.5)
Answer:
d
Step-by-step explanation:
Answer:
a. $45.86
b. $43.87
c. Percentage change = -4.40%)
Step-by-step explanation:
a. Let the price of share at the beginning of first year be represented with X
Now, Price of company's share dropped by 3.50% at the end of first year.
So, Price of share at the end of first year = x - 3.5% of x
= x - 0.035x
= 1x - 0.035x
= 0.965x
But it is equal to $44.25
=> 0.965x = 44.25
x = 44.25 / 0.965
x = 45.8549223
x = $45.86
b. During second year price of share decreased by $1.99. Therefore, Price of share at the end of second year = $45.86 - $1.99 = $43.87
c. Percentage change in the price of shares over two years = {(45.86 - 43.87)/45.86} *100
= (1.99/45.86)*100
= 0.04339294 * 100
= 4.40%
Now, as price of shares has dropped, the percentage change will be negative. (Δ% = -4.40%)
Answer:
,nm
Step-by-step explanation: