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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

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Answer:

57.5 degrees

Step-by-step explanation:

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3 years ago
According to the manufacturer of the candy Skittles, 20% of the candy produced are red. If we take a random sample of 100 bags o
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Answer:

Probability that the proportion in our sample of red candies will be less than 20% is 0.5 .

Step-by-step explanation:

We are given that 20% of the candy produced are red. A random sample of 100 bags of Skittles is taken.

The distribution we can use here is;

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2 years ago
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Step-by-step explanation:

divide 260 by 5 and 15 by 5

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260:15 = 52:3


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3 years ago
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