Jack has $12,000 to invest and wants to earn 7.5% interest per year. He will put some of the money into a savings account that e
arns 4% per year and the rest into a CD account that earns 9% per year. How much money should he put into each account?
1 answer:
Jack should invest $8400 in the CD account and $3600 in the savings account.
Step-by-step explanation:
Jack wants to earn 7.5% interest per year. That implies he wants to earn
7.5/100*12000 per year i.e $900 per year.
Lets assume he invests X amount in the savings account. That leaves 12000-X to be invested in the CD account.
That implies,

=> 
=> 
=> X = 3600
You might be interested in
16. (b/2)^2. So (-8/2)^2=16
Answer:
simply convert first feets into miles
Given is 5280 feets=1 miles
63756 /5280=12.075 miles
70 minutes = 1.16666= 1.17 hrs
rate is 12.075 miles/1.17 hrs
Step-by-step explanation:
Answer:
10
Step-by-step explanation:
use pythagorean theorm
√(8^2+6^2) = 10
Ya is = 10x-28 see the picture for explanation
Answer:
75, 105
Step-by-step explanation:
12. 180-105 = 75
13. 105