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.
Option B is the answer.
Hope it helps!
Answer:
Step-by-step explanation:
A + B + C = 180
x + x - 24 + 68 = 180
2x - 24 + 68 = 180
2x + 44 = 180
2x = 180 - 44
2x = 136
x = 68
A = 68
B = 44
C = 68
So .6 is essientaly 6 over 10. A mixed number is an integer (whole number) with a fraction. So, you take the 2 and combine it with the 6 over 10. However, it asks for it in simpliest form. Therefore, you recongnize you can divide the 6 and 10 by 2. Your final answer should be 2 and 3 over 5.
