1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
kicyunya [14]
3 years ago
7

A mother wants to invest ​$12 comma 000.00 for her​ son's future education. She invests a portion of the money in a bank certifi

cate of deposit​ (CD account) which earns​ 4% and the remainder in a savings bond that earns​ 7%. If the total interest earned after one year is $ 720.00 comma how much money was invested in the CD​ account?
Business
1 answer:
Dimas [21]3 years ago
8 0

Answer:

A = $4000

Explanation:

given data:

total investment $12000

interest on CD= 4%

Interest on bond =7%

the portion invested in the CD is A

total portion invested as a bond = $12,000 - A

total portion earned on the CD = 0.04A.

The total interest gain on the bond = 0.07(12000 - A).  

equation for  the total interest earned is:

0.04A + 0.07(12000 - A) = 720

0.04A + 840 - 0.07A = 720

-0.03A = -120

A = $4000

You might be interested in
PLEASE HELP!! ILL GIVE 10 POINTS AND BRAINLIEST
marissa [1.9K]

Answer: A person with passion typically exudes confidence, and confidence creates value for themselves and others by leading the way, not showing the way.

Professionals who are confident are great leaders and earn the respect and confidence of others. Passion creates excitement.

5 0
3 years ago
A sample of 51 observations will be taken from an infinite population. The population proportion equals 0.85. The probability th
3241004551 [841]

Answer:

c. 0.0819

Explanation:

The mean = 0.85

standard error of the proportion is:     sp = sqrt(pq/n)

= sqrt ((.85)(0.15) / 51) = 0.05

P(0.9115 < X < 0.946) = P( (0.9115 - 0.85) / 0.05 < z < (0.946 - 0.85) / 0.05 )

= P(1.23 < z < 1.92)

= P(z < 1.92) - P(z < 1.23) = 0.0819

8 0
2 years ago
The Clifford Corporation has announced a rights offer to raise $10 million for a new journal, the Journal of Financial Excess. T
kkurt [141]

Answer and Explanation:

1. The maximum possible subscription price is $60

The maximum price is anything greater than $0

2.Number of new shares

$10,000,000/$50

=$200,000

Number of right shares

$1,000,000/$200,000

=$5

3. Excess right 58.33

(5*60+50)/(5+1)

Value of excess 1.67

($60-58.33)

4.Portfolio value before right offering

2,000×60

= 120,000

Portfolio value after right offering 120,000

(2000×58.33 +2000×1.67 )

8 0
3 years ago
Advantage of
Allushta [10]
Market penetration- quick diffusion and adoption of your product in the marketplace, incentives to be efficient, discouragement of competition and creation of goodwill

proud to development- keeping pace, seizing opportunities, providing opportunities and being newsworthy

market development- gaining new customers, increased revenue and company growth

diversification- minimizing risk of loss, preserving capital and generating returns
3 0
3 years ago
Nevin is a longtime teacher supervising a group of very eager, very dedicated teach for america volunteers who are excited about
vodka [1.7K]
The correct answer is "People-Oriented Leadership".

People-Oriented leadership refers to the kind of leadership, wherein a leader takes initiative and also believes that communication from one worker to another can be a good cause for effective teamwork. Nevin believes that social interaction can be a good cause for unity and a harmonious workplace to achieve goals easily.
6 0
3 years ago
Read 2 more answers
Other questions:
  • Suppose your friend tells you that he recently purchased a particular product for $1000 but that the product was "priceless." al
    13·1 answer
  • Val would like to limit the websites that her users visit to those on an approved list of pre-cleared sites. what type of approa
    10·1 answer
  • The sense of urgency with respect to entrepreneurship tends to increase in European countries and other places where unemploymen
    8·1 answer
  • Challenger Factory produces two similar products - regular widgets and deluxe widgets. The total plant overhead budget is $675,0
    12·1 answer
  • Mindy, a tenured college professor, tells her friend, "I really like this job. I get to set my own hours, work on books from sta
    11·1 answer
  • You sell T-shirts at your school’s football games. Each shirt costs $5 to make and sells for $10. In the season you sell 100 shi
    6·1 answer
  • The income statement for the Marin Inc. for the month ended July 31 shows Service Revenue $19,560, Salaries and Wages Expense $9
    10·1 answer
  • What is the minimum number of integers that you must pick between 0 and 9 (inclusive), such that two of them add up to 9?
    11·1 answer
  • If you need a mortgage for a home purchase, what should your first course of action be?
    5·1 answer
  • due to a recession, lauren was laid off by her organization. to avoid having lauren and other laid-off workers stop spending mon
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!