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
Assoli18 [71]
2 years ago
12

Chris received $50,000 from his grandparents as a graduation gift. So, he has decided to invest the money

Mathematics
1 answer:
GenaCL600 [577]2 years ago
7 0

Answer: $7142.86

Step-by-step explanation:

Let the amount to be invested in the bond be represented by y.

Based on this, the amount to be invested in the CD will be: = 50000 - y.

From the information given, yearly interest on bond is 12%, this will be:

= 12% × y = 0.12 × y = 0.12y

Also, interest on CD will be:

= 5% × (50000 - y)

= 0.05(50000 - y)

Then, the equation to get the amount to be invested in bond will be:

0.12y + 0.05(50000 - y) = 3000

0.12y + 2500 - 0.05y = 3000

0.12y - 0.05y = 3000 - 2500

0.07y = 500

y = 500/0.07

y = 7142.8571

y = 7142.86

The amount to be invested in bond will be $7142.86

You might be interested in
What does the ∩ symbol represent in math?
Nana76 [90]
HEY THERE!!


QUESTION:- what does the ∩ symbol represent in math?

ANSWER:- It represents the intersection of sets .

HOPE IT HELPS YOU.
5 0
2 years ago
Read 2 more answers
Is 14 meters greater than or less than 140 centimeters
soldier1979 [14.2K]
1 meter=100 centimeters
14 meters=100*14=1400
I multiplied by 100 because I wanted to convert meters to centimeters, so I can compare the numbers.
140 cm<1400 cm
1400 cm=14 meters, and 14 meters wins!

3 0
3 years ago
Read 2 more answers
Rachel is calculating the interest earned on a deposit of $350 in an account that earns 6% simple interest after 15 years.
alukav5142 [94]

Answer:

$315

Step-by-step explanation:

You are going to want to use the simple interest formula for this. The one below is modified for solving the interest earned.

I = interest amount

P = principal amount

r = interest rate (decimal form)

t = time

Now we can plug in the values into the equation:

This means that Rachel earned $315 worth of interest in the 15 year period.

8 0
2 years ago
Read 2 more answers
What is the equation of the following line
Alex_Xolod [135]
Its B 
rise over run dictates that its 2/8 which simplifies to 1/4
and its at an upward angle from left to right therefore its positive.
3 0
3 years ago
Read 2 more answers
Which relation is a function of x?
Lynna [10]

Answer:

The fourth option with x values of -3,-2,4 and 7 is a function of x.

Step-by-step explanation:

This is due to it having only one of each x value.

On the other tables, they have multiple values for an x value. This means that it is not a function

6 0
3 years ago
Read 2 more answers
Other questions:
  • A recipe wants three tablespoons of olive oil
    5·1 answer
  • Nick has fraction 1 over 2 cup of syrup. He uses fraction 1 over 6 cup of syrup to make a bowl of granola. Part A: How many bowl
    15·2 answers
  • solve this system of linear equations. separate the x- and y-values with a comma. -12x = -75 - 11y -5x = -89 - 11y
    13·1 answer
  • XYZ Oil Company has consistently lost $8 million each year for the past 7 years. Express the total loss as an integer.
    12·2 answers
  • Wahts the permiter I will mark braknliest
    15·2 answers
  • I need help with this asap <br><br> Correct answer : Brainlist answer
    14·2 answers
  • All boundary points of a rational inequality that are found by determining the values for which the denominator is equal to zero
    8·1 answer
  • PLZ HELP GIVING ALL MY POINTS VERY URGENT
    11·2 answers
  • See the image please answer as fast as possible 15 points!
    5·2 answers
  • Giving brainliest for correct answer
    9·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!