1. You have $1000 to invest in two different accounts. To save the money you need for college, you need to average 5.7 percent interest. If the two accounts pay 4 percent and 6 percent interest, how much should you invest in each account? Options: A. $700 in 4%, $300 in 6% B. $550 in 4%, $450 in 6% C. $300 in 4%, $700 in 6% D. $150 in 4%, $850 in 6%

Answers

Answer 1

Answer:

D. $150 in 4%, $850 in 6%

Step-by-step explanation:

1. The amount available to invest in the accounts, A = $1,000

The amount of average interest rate needed = 5.7 percent = 0.057

The interest paid by one of the accounts, account 1, I₁ = 4 percent = 0.04

The interest paid by the other account, account 2, I₂ = 6 percent = 0.06

Let 'x' represent the amount invested in account 1 that pays 4% and let 'y' represent the amount invested in account 2, that pays 6% we get;

x + y = 1,000...(1)

0.04·x + 0.06·y = 0.057 × 1,000 = 57

∴ 0.04·x + 0.06·y = 57...(2)

Making 'y' the subject of equation (1) and (2), we have;

For equation (1), y = 1,000 - x...(3)

For equation (2), y = 950 - (2/3)·x...(4)

Subtract equation (4) from equation (3) gives;

y - y = 1,000 - x - (950 - (2/3)·x)

0 = 1,000 - 950 - x + (2/3)·x

0 = 50 - (1/3)·x

(1/3)·x = 50

x = 3 × 50 = 150

x = 150

The amount invested in the 4% account, x = $150

From equation (3), we have;

y = 1,000 - x

∴ y = 1,000 - 150 = 850

y = 850

The amount invested in the 6% account, y = $850.

Therefore;

$150 should be invested in the account that pays 4% while $850 should be invested in the account that pays 6%.

Answer 2

Answer:

$150 in 4%, $850 in 6%

Step-by-step explanation:

just took the test!


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Answer:

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Answers

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6

Step-by-step explanation:

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Answers

Answer:

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The variables on a scatter plot are related using the equation of a straight line graph; y = mx + c. Using this relation, we can establish the equation of the scatter plot.

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There is just enough water in the container to exactly fill the

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∴ h  = 3 ( V / π r^2 )

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Answer:

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Step-by-step explanation:

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Answer:

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Answers

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Answers

Answer:

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Step-by-step explanation:

khan

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Answers

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Answers

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Answers

S O L U T I O N :

According to the question,

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___________________________________

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___________________________________

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Answers

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Answers

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Answers

Answer:

[tex]47x^3\sqrt{5x}[/tex]

Step-by-step explanation:

The objective is to combine the terms to make one radical, so therefore we know that we will have to take a [tex]\sqrt{5}[/tex] out of the second radical [tex]\sqrt{180}[/tex].

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Then we can further simplify by moving the [tex]x^{2}[/tex] into the radical to get two common terms with [tex]\sqrt{5x^7}[/tex].

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[tex]-\sqrt{5x^7}+ 8\sqrt{x^4} *6 \sqrt{5x^3}[/tex]

So then we can combine the two radicals to get the expression to

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We now see that we have two terms with a common radical, and coefficients of -1, and 48.

That allows us to simplify further to

[tex]47\sqrt{5x^7}[/tex]

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[tex]47x^3\sqrt{5x}[/tex]

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