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.
Answer:
B. 393,660
Step-by-step explanation:
lemme get Brainliest please
Set up a system of equations.
d + q = 75
.1d + .25q = 14.25
Multiply the first equation by -.1 so that the "d's" will cancel.
-.1d -.1q = -7.5
.1d +.25q = 14.25
Now add the two equations together
.15q = 6.75
divide both sides by .15
q = 45
There are 45 quarters in the jar
Answer:
(in the image)
Step-by-step explanation:
I'm not sure I understood your question completely but I hope this helps.
