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.
Do 2.63 x 3 to check ur answer
Answer:
x+4 and y+3
Step-by-step explanation:
Both the x and y values move in positive directions from the first triangle to the second.
Answer:
Median.
Step-by-step explanation:
We have been given that in 2004, the mean net worth of families in a certain region was $470.2 thousand and the median net worth was $92.3 thousand.
We know that mean and median of a symmetric data set is equal.
We also know that when mean of a data set is greater than median, then the data set has a very large valued outlier.
Since mean net wroth of families is approximately 5 times more than median net wroth of families, this means that some of the families has very high net worth as outliers.
Since the net worth of families has very large outliers, therefore, I would prefer median as the appropriate measure of center as median is not affected by outliers.
