$10000 in certificate of deposit
$30000 in mutual funds
Step-by-step explanation:
Step 1:
Total amount Stephanie has inherited = $40000
Let x be the amount she should put in certificate of deposit.
So 40000-x is the amount to be deposited in mutual funds
Step 2:
Total interest she wants to earn is 5.4% of $40000 = 5.4*40000/100 = 2160
Interest from certificate of deposit = 2.1% of x = 2.1 * x /100
Interest from mutual funds is 6.5% = 6.5(40000-x)/100
Sum of the interest from both these equals 2160
so 2.1 * x /100 + 6.5(40000-x)/100 = 2160
=> 0.021x/100 + 2600-0.065x = 2160
=> -0.044x = -440 => x= 10000
Step 3 :
Hence Stephaine should invest $10000 in certificate of deposit and (40000-10000) = $30000 in mutual funds
Hey go get the app to help
D
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Answer:
Val ac cost dollar for the summer month of 30 days
Step-by-step explanation:
Given
Electricity consumed in a day by running AC is watts-hr
Cost of electricity is cents/kilowatt-hr
Cost of electricity consumed in a month
dollars
Answer:
Step-by-step explanation:
eq. of line is y-(-2)=-3(x-6)
y+2=-3x+18
y=-3x+18-2
y=-3x+16
∵(a,7) lies on it.
7=-a+16
a=16-7=9
a=9