Answer:
$13,200
Step-by-step explanation:
You need to use the simple interest formula
I = P * r * t
I = Interest accrued
P = Principal amount invested
r = Interest rate you need to divide by 100 to get it in decimal form
t = time, in years if you are given a partial year, divide the months by 12
P = $12,000
r = 7.5% = .075
t = 1
But, because we want I to equal $990 then I is
I = $990
So we ignore our P and instead solve for the P that will give us the desired result.
I = P * r * t
$990 = P * .075 * 1
$990 = P.075 Divide each side by .075
$990/.075 = P.075/.075
$990/.075 = P
$13,200 = P
So, to earn an annual interest income of $990, $13,200 will have to be invested in the 7.5% bond.
Here’s an explanation! let me know if you need further clarification
Step-by-step explanation:
Step 1: On the horizontal axis, we can choose the scale to be 1 unit = 11 lb.Since the weights in the table start from 65, not from 0, we give a break/kink on the X-axis. Step 2: On the vertical axis, the frequencies are varying from 4 to 10.Thus, we choose the scale to be 1 unit = 2.
The algebraic expression would be 9+x.
Answer:
If you add the money that Chris has used, and subtract it from his total, you will get the amount that Chris has left in change.
0.79 + 1.69 + 1.00 = 3.48
4.00 - 3.48 = 0.52
Chris has 52 cents left in change.
I hope this helps!
