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.
700, because 8 is 5 and up so it'll be rounded up.
Answer:
I would like to say A because Diagonals of a rectangle Bisect each other at a right angle.
This seems likely
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Hope this Helps
Hey there!☺
In our first step, we will simplify both sides of the equation:
Now subtract 4 from both sides:
In our last step, we will divide both sides by -2:
x=-7/2 is your answer.
Hope this helps!☺
