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.
X+y = 4, therefore y = 4-x when you rearrange the equation.
You can subsitute this in: x-(4-x) = 6
-4+x = 6-x
x=10-x
2x = 10
x = 5
Substitute x into the previous equation:
5+y = 4
y = 4-5
y = -1
Answer:
One solution
Step-by-step explanation:
We know there is only one solution because the lines do not have the same slope, nor are they the exact same line.
So we know they must have just one solution.
Best of luck
Probably Metallica or Pink Floyd
It is approximately 1830.
M=1000
D=500
C=100
X=10
