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.
7 because 7x3= 21 and 21 + the 7 cats comes to an equal 28
Answer-7/3
Step-by-step explanation:
<h3>Given</h3>
A(-3, 1), B(4, 5)
<h3>Find</h3>
coordinates of P on AB such that AP/PB = 5/2
<h3>Solution</h3>
AP/PB = 5/2 . . . . . desired result
2AP = 5PB . . . . . . multiply by 2PB
2(P-A) = 5(B-P) . . . meaning of the above
2P -2A = 5B -5P . . eliminate parentheses
7P = 2A +5B . . . . . collect P terms
P = (2A +5B)/7 . . . .divide by the coefficient of P
P = (2(-3, 1) +5(4, 5))/7 . . . . substitute the given points
P = (-6+20, 2+25)/7 . . . . . . simplify
P = (2, 3 6/7)
