Answer: $2294 should be invested in the simple interest account while $4588 should be invested in the certificate of deposit.
Step-by-step explanation:
Let x represent the amount that he would deposit in the simple interest account.
Let y represent the amount that he would deposit in the certificate of deposit.
she will deposit twice as much in the certificate of deposit. It means that
y = 2x
Interest from the simple interest account would be 7%. This mean that the interest would be 7/100 × x = $0.07x
Interest from the certificate of deposit account would be 5%. This mean that the interest would be 5/100 × y = $0.05y.
The total interest from both accounts would be $390. It means that
0.07x + 0.05y = 390- - - - - - - - - - 1
Substituting y = 2x into equation 1, it becomes
0.07x + 0.05 × 2x = 390
0.07x + 0.1x = 390
0.17x = 390
x = 390/0.17 = $2294
y = 2x = 2 × 2294
y = 4588
Answer:
Margin of error of 0.0485 hours.
Step-by-step explanation:
We have that to find our 
level, that is the subtraction of 1 by the confidence interval divided by 2. So:
Now, we have to find z in the Ztable as such z has a pvalue of 
.
That is z with a pvalue of 
, so Z = 1.96.
Now, find the margin of error M as such
In which 
is the standard deviation of the population and n is the size of the sample.
In this question:
The margin of error is of:
Margin of error of 0.0485 hours.
Without rounding to the nearest tenth, it would be 7.28. Rounding it would give you with an answer of 7.3 with rounding.
The average monthly expenses for Bill's utilities is $266.67.
It is given in the question that:-
Expenditure in December by Bill = $ 234.45
Expenditure in January by Bill = $ 281.23
Expenditure in February by Bill = $ 284.33
We have to find the average monthly expenses for Bill's utilities.
We know that,
Average monthly expense for utilities = (Expenditure in December + Expenditure in January + Expenditure in February)/3
Hence, using the data given in the question, we can write,
Average monthly expense for utilities = (234.45 + 281.23 + 284.33)/3
Average monthly expense for utilities = 800.01/3 = $266.67
To learn more about average, here:-
brainly.com/question/24057012
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