Answer:
None of these choices are correct.
Step-by-step explanation:
If a bond is quoted at 99.875, it means that it is sold at 99.875% of the face value;
Face value = 1000
Therefore, Price = 0.99875 * 1000
Price = $998.75
If Leona pays 5.5% of the selling price, it means that she is paying additional cost which will make the total cost more than the quoted price;
5.5% of 998.75 is;
0.055*998.75 = $54.93
The total cost = $998.75 +$54.93
= $1053.68
Therefore, none of the given choices is correct.
Step-by-step explanation:
The system of equations for eq 1 which is 3x + y = 118 represents the Green High School which filled three buses(with a specific number of students identified as x) and a van(with a specific number of students identified as y) with a total of 118 students.
for eq 2; 4x + 2y = 164; represents Belle High School which filled four buses(with a specific number of students identified as x) and two vans(with a specific number of students identified as y) with a total of 164 students.
The solution represents the specific number of students in the buses and vans in eq1 and eq 2 with x being 36 students and y being 10 students.
substituting 36 for x and 10 for y in eq 1;
3(36) + 10 = 108 + 10 = 118 total students for Green High School
substituting 36 for x and 10 for y in eq2;
4(36) + 2(10) = 144 + 20 = 164 total students for Belle High school
4+3.5=7.5
7.5x =180
180/7.5
=24 (answer)
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