Answer:
A (2,1)
So, right off the bat, you can tell that the ordered pair (2,1) is most definitely NOT the solution to this system.
PLEASE HELP WILL MARK BRAINLIEST BUT IT MUST BE RIGHT!!!! Does the function model exponential growth or decay? g ( x ) = 7/3*2^x
1 answer:
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Answer:
<em>Steve should place $6,250 in the 5-year CD and $18,750 in the corporate bond</em>
Step-by-step explanation:
<u>System of Equations</u>
We need to find how Steve will distribute his investments between two possible options: one of them will pay 5% per annum and the other will pay 9% per annum. We know Steve has $25,000 to invest and wants to have an overall annual rate of return of 8%.
Let's call x to the amount Steve will invest in the CD paying 5% per annum and y to the amount he will invest in a corporate bond paying 9% per annum.
The total investment is $25,000 which leads to the first equation
If x dollars are invested at 5%, then the interest return is 0.05x. Similarly, y dollars at 9% return 0.09y. The overall return is 8% on the total investment, thus
Rearranging:
Simplifying
Multiplying by 100
Substituting in the first equation
And therefore
Steve should place $6,250 in the 5-year CD and $18,750 in the corporate bond