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SVETLANKA909090 [29]
3 years ago
13

A bank is advertising that new customers can open a savings account with a 3 3/4%

Mathematics
1 answer:
saw5 [17]3 years ago
4 0
Not understanding the question here
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Set up a system of linear equations to represent the scenario. Solve the system by using Gaussian elimination or Gauss-
lapo4ka [179]

She invested $11,250 in the stock, $3,750 in the CD and $12,000 in the bond fund.

<h3><u>Distributions</u></h3>

Given that Sylvia invested a total of $27,000, and she invested part of the money in a certificate of deposit (CD) that earns 3% simple interest per year, she invested in a stock that returns the equivalent of 7% simple interest, and she invested in a bond fund that returns 2%, and she invested three times as much in the stock as she did in the CD, and earned a total of $1140 at the end of 1 yr, to determine how much principal did she put in each investment, the following calculation must be made:

  • 9000 x 0.07 + 3000 x 0.03 + 15000 x 0.02 = 630 + 90 + 300 = 1020
  • 9900 x 0.07 + 3300 x 0.03 + 13800 x 0.02 = 693 + 99 + 276 = 1068
  • 12,000 x 0.07 + 4,000 x 0.03 + 11,000 x 0.02 = 840 + 120 + 220 = 1,180
  • 11400 x 0.07 + 3800 x 0.03 + 11800 x 0.02 = 798 + 114 + 236 = 1148
  • 10800 x 0.07 + 3600 x 0.03 + 12600 x 0.02 = 756 + 108 + 252 = 1116
  • 11160 x 0.07 + 3720 x 0.03 + 12120 x 0.02 = 781.2 + 111.6 + 242.4 = 1135.2
  • 11190 x 0.07 + 3730 x 0.03 + 12080 x 0.02 = 783.3 + 111.9 + 241.6 = 1136.8
  • 11250 x 0.07 + 3750 x 0.03 + 12000 x 0.02 = 787.5 + 112.5 + 240 = 1140

Therefore, she invested $11,250 in the stock, $3,750 in the CD and $12,000 in the bond fund.

Learn more about distribution in brainly.com/question/10250387

7 0
2 years ago
Dan has £100. Colin takes £. How much is left
sasho [114]

Answer:

Maybe 99£

Step-by-step explanation:

Please give me brainliest

8 0
2 years ago
Read 2 more answers
Help you don’t have to explain
kolezko [41]

Answer:

-4

Step-by-step explanation:

umm you might want to learn this. I cheated in middleschool/ highschool and was an honor student. I am barely surving college though, you'll need math for your general education requirement.

6 0
3 years ago
-2x + 9x<br> What is the answer
Blababa [14]

Answer: 7x

<u>Remove "x" and add</u>

-2 + 9 = 7

<u>Add "x" back</u>

7 -----> 7x

Note: When adding/subtracting problems like these remove "x" and then add/subtract normaly. When you get your answer put x back.

7 0
3 years ago
Read 2 more answers
Tickets for a basketball game cost $2 for students and $5 for adults. The number of students was 3 less than 10 times the number
34kurt
2x+5y=619
x=10y-3
________
2(10y-3) +5y=619
20y-6+5y=619
25y=619+6
25y=625
y=625/25
y=25
x=10*25-3
x=250-3
x=247
6 0
3 years ago
Read 2 more answers
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