Alida has $140,000, part of it invested in bonds paying 9% and the rest in a certificate account at 5%....
Alida has $140,000, part of it invested in bonds paying 9% and the rest in a certificate account at 5%. Her annual income from the two investments is $8760.
a. Use x for the number of dollars invested in bonds and y for the number of dollars invested in the certificate account, and fill in the table with appropriate expressions.
| Principal | Interest Rate | Interest | |
|---|---|---|---|
| Bonds | x | [removed] | [removed] |
| Certificate | y | [removed] | [removed] |
| Total | [removed] | ------------ | [removed] |
b. Write one equation about the amount Alida invested.
ANSWER: [removed]
c. Write a second equation about Alida's annual interest.
ANSWER: [removed]
d. How much did Alida invest at each rate?
ANSWER: Alida invested $[removed] at 9%, and she invested $[removed] at 5%.
12 years ago
999999.99
Answer(0)
Bids(0)
other Questions(10)
- E-con
- The expected rate of return on the market portfolio is 8.50% and the risk–free rate of return
- Two Principles of Finance Assignments
- Computer Science
- Historical Summary of genetic basis for MHC-dependent mate choice
- CJA425 paper due Monday 10 @ 6pm PST
- GUI PART
- Emerging Economies and Globalization
- LDR 531
- physics homework