The amount invested at 11% is $5,000
The amount invested in stock is $14,000
What is the net profit on both investments?
The profit of each investment is the rate of return or loss multiplied by the amount invested
Let us assume that x was invested at 11% and the remaining 19000-x was invested at a loss rate of 3%
net profit=(11%*x)+(19000-x)*-3%
net profit=130
130=(11%*x)+(19000-x)*-3%
130=0.11x-570+0.03x
130=0.14x-570
130+570=0.14x
700=0.14x
x=700/0.14
x=$5,000
Amount invested in stock=19000-x
Amount invested in stocks=19000-5000
Amount invested in stocks=$14,000
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Recall that an equation in slope-intercept form is as follows:
where m is the slope of the line, and (0,b) is the y-intercept.
Substituting m=-6, and b=-1/2 we get:
Simplifying the above result we get:
Answer:
Answer:
C. 1/16
Step-by-step explanation:
The probability of picking a blue envelope is 2/8 = 1/4. You want to select a blue envelope twice with replacement so we multiply 1/4*1/4 which is 1/16.
