Answer:
- mutual fund: $9000
- CDs: $71000
- return: $6220, an average of 7.775%
Step-by-step explanation:
Since the mutual fund is the lower yield vehicle, only the minimum should be invested there.
The investments and returns should be ...
mutual fund: $9000, return = 6% × $9000 = $540
CD: $71000, return = 8% × $71000 = $5680
The maximum return is ...
$540 +5680 = $6220
Answer:
B. No solution
Step-by-step explanation:
y = 3x+9
y = 3x-7
Set the two equations equal since they are both equal to y
3x+9 = 3x-7
Subtract 3x from each side
3x+9-3x = 3x-7-3x
9 = -7
This is never true, so there are no solutions
Answer:
After 10 years, she will has $96 in her bank.
Step-by-step explanation:
It is given that Andrea's saving account is $80 and earns 2% interest per year as a <em>S</em><em>i</em><em>m</em><em>p</em><em>l</em><em>e</em><em> </em><em>I</em><em>n</em><em>t</em><em>e</em><em>r</em><em>e</em><em>s</em><em>t</em><em> </em>(Not Compounded). Using simple interest formula, Interest = (P×R×T)/100 where <em>P</em> is the <em>principal</em>, <em>R</em> is the <em>interest rate</em> and <em>T</em> is <em>number of years</em><em> </em>:
P = $80
R = 2%
T = 10 years
It is given that the interest amount is $16. So the total amount she has after 10 years in the bank is $96 :
interest amount = $16
principal = $80
total = $16 + $80
= $96
Answer:
C) p + 24 = 56
Step-by-step explanation:
The total number of cookies baked = Number of cookies Ellie baked + Number of cookies Jamie baked
Ellie baked 24 chocolate chip cookies.
Jamie baked p peanut butter cookies.
Total of 56 cookies.
Hence:
56 = p + 24
Therefore, the equation that can be solved for p to find the number of cookies Jamie baked is
p + 24 = 56
Option C is the correct option
Answer:
(p+e)/(r-n) = x
Step-by-step explanation:
p + nx=rx-e
Add e to each side
p +e+ nx=rx-e+e
p +e+ nx=rx
Subtract nx from each side
p +e+ nx - nx=rx-nx
p+e = rx -nx
Factor out x
p+e = x(r-n)
Divide each side by (r-n)
(p+e)/(r-n) = x(r-n)/(r-n)
(p+e)/(r-n) = x
