Answer: $2294 should be invested in the simple interest account while $4588 should be invested in the certificate of deposit.
Step-by-step explanation:
Let x represent the amount that he would deposit in the simple interest account.
Let y represent the amount that he would deposit in the certificate of deposit.
she will deposit twice as much in the certificate of deposit. It means that
y = 2x
Interest from the simple interest account would be 7%. This mean that the interest would be 7/100 × x = $0.07x
Interest from the certificate of deposit account would be 5%. This mean that the interest would be 5/100 × y = $0.05y.
The total interest from both accounts would be $390. It means that
0.07x + 0.05y = 390- - - - - - - - - - 1
Substituting y = 2x into equation 1, it becomes
0.07x + 0.05 × 2x = 390
0.07x + 0.1x = 390
0.17x = 390
x = 390/0.17 = $2294
y = 2x = 2 × 2294
y = 4588
Answer:
55
Step-by-step explanation:
bisect means to cut in half so it is half of 110 so it is 55
Answer:
8
Step-by-step explanation:
Answer:
true
Step-by-step explanation:
Answer:
x = 6, y = 3
Step-by-step explanation:
Let Sally's age be x and Tomas's age be y.
Sum of Sally's age plus twice Tomas's age: x + 2y = 12
Difference of Sally's age and Tomas's age: x - y = 3
Multiply the second equation by two and add it to the first equation to get
3x = 18, which means x = 6.
Plug 6 in for x in the second equation to get 6 - y = 3, which means y = 3.
