Answer:
Bonds: $42,000
Certificates of deposit: $41,000
Step-by-step explanation:
Total invested = Amount in bonds + Amount in CDs
Amount in bonds = Amount in CDs + 1000
Let the amount in bonds = B and the amount in CDs = C
1. 83,000 = B + C
2. B = C+1000
Since the above expression (#2) defines B, you can substitute it for the B in the first equation (#1).
83,000 = C + 1000 + C
Now, you can solve for C.
83,000 = 2C + 1000
82,000 = 2C
41,000 = C
You know that the amount invested in bonds is $1000 greater than the amount invested in CDs, so add $1000 to C and you find B, $42,000.
Answer:
Using the table, the slope is 1/2
Answer:
c.-10
Step-by-step explanation:
4x+2=11
x=9/4...(1)
now,
-4x-1=-4x(9/4)-1=-10
1) Compound interest formula:
**<span>
**A = amount, P = principal amount, r = rate, n = # of times interest is compunded every year, t = time(in years)
2) Plug numbers in
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3) Solve
A = 635.24458054
Hope this helped! Good Luck!