1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Alex
3 years ago
15

Ed Moura has $32000 invested in stocks paying 6% .how much additional money should he invest in certificates of deposit paying 3

% so that the average return on the two investments is 4%
Mathematics
1 answer:
inna [77]3 years ago
4 0

Answer:

Ed Moura invest $64000 in certificates of deposit paying 3%

Step-by-step explanation:

Ed Moura has $32000 invested in stocks paying 6%.  

Additional money in certificates of deposit paying 3% =x  

so that the average return on the two investments is 4%.  

32000*6% +3%*x = 4%(32000+x)

32000*0.06 +0.03*x = 0.04(32000+ x)

1920 + 0.03x = 1280 +0 .04x

1920 - 1280 = 0.04x - 0.03x

0.01x = 640

x = 64000

x = $64000

x= $64000 in certificates of deposit paying 3%

Thank you.

You might be interested in
Hello if you can please explain.
Serhud [2]

Answer:

I think it should be A.

Step-by-step explanation:

8-1 is 7 which is very close to 6, and it says they are similar so this could work.

7 0
3 years ago
Please help me, I'M IN A TEST!
Kaylis [27]

Answer:

x = 3.

Step-by-step explanation:

5x = 15

x = 3

3 0
3 years ago
Simplify <br><img src="https://tex.z-dn.net/?f=%20%5Cfrac%7B2%7D%7B%20%5Csqrt%7B5%7D%20%7D%20" id="TexFormula1" title=" \frac{2}
Mekhanik [1.2K]

Here you go hun let me know if it right!

4 0
3 years ago
John and Annie have two distinguishable ponds. Initially, each of the ponds contains four ducks and five geese. John first picks
Sladkaya [172]

Answer: 4/9

Step-by-step explanation:

The probability that annie picks a duck Pt= the probability of picking a duck without accounting for the added one (Po)+ probability of picking the added bird and it's a duck(Pi)

Pt = Po+Pi

Since the total number of birds in the right pond is 10 after the addition of one by john

Po= 4/10

Pi= the of john adding a duck × the probability of annie picking the added bird

Pi= 4/9 × 1/10

Pi = 4/90

Pt= 4/10 + 4/90

Pt = (36+4)/90

Pt=40/90

Pt= 4/9

(This implies that the probability of picking a duck remain the same even after the addition of one bird from the left ponds because they both have equal proportions of duck and geese i.e the initial number of duck and geese in both right and left ponds are 4 and 5 respectively)

Thanks.

4 0
3 years ago
Factor completely <br><br> please help <br><br> 16x+12y+22
krek1111 [17]
The answer is 2(8x+6y+11)
6 0
3 years ago
Other questions:
  • Find the slope for 5x+y=8
    13·1 answer
  • Mierenett omeettome Ma Hami
    14·1 answer
  • What two object are the same distance from sea level? explain how you know
    6·1 answer
  • you deposit $1500 in an account that pays 5% annual interest compounded continuously what is the balance after 6 years.
    11·1 answer
  • PLEASE HELP
    10·1 answer
  • 50 points! I will mark brainliest and thank you! Random answers will be reported
    8·2 answers
  • Someone pls help me ill give out brainliest pls don’t answer if you don’t know
    10·1 answer
  • 65/100 in decimal form P.S THE / DOES NOT MEAN DIVIDE just put in in decimal form
    12·2 answers
  • Design a closed rectangular box of width w, length l, and height h. The sides of the box cost 1 cent/cm2 and the top and bottom
    15·1 answer
  • If m varies directly as n and m = -4 when n = 32, find m when n = 3
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!