Answer:
Fernando invested $ 5000 on the 5-year CD and $ 4000 on the 18-month CD.
Step-by-step explanation:
Since Fernando invested money in a 5-yr CD (certificate of deposit) that returned the equivalent of 3.3% simple interest, and the invested $ 1000 less in a 18-month CD that had a 2% simple interest return, if the total amount of interest from these investments was $ 945.00, to determine how much was invested in each CD the following calculation must be performed:
3.3 x 5 = 16.5
2 x 1.5 = 3
4000 x 0.165 + 3000 x 0.03 = 750
6000 x 0.165 + 5000 x 0.03 = 1140
5000 x 0.165 + 4000 x 0.03 = 945
Therefore, Fernando invested $ 5000 on the 5-year CD and $ 4000 on the 18-month CD.
Pretend you and Will owe a friend instead of the bank, pull out your wallets and pay your debts. Who has to take out more money from their wallet? Of course, Will has to take out $9.25 more than Chaz.
Answer:
y = -5/7x - 55/7
Step-by-step explanation:
Slope-Intercept Form: y = mx + b
Step 1: Define
Slope <em>m</em> = -5/7
Random point (-4, -5)
y = -5/7x + b
Step 2: Find y-intercept <em>b</em>
-5 = -5/7(-4) + b
-5 = 20/7 + b
b = -55/7
Step 3: Write linear equation
y = -5/7x - 55/7
