subject
Business, 23.04.2020 19:16 brenda0014

A total of $29,000 is invested in two funds paying 3% and 3.5% simple interest. (The 3% investment has a lower risk.) The investor wants a yearly interest income of $1000 from the two investments. (a) Write a system of equations in which one equation represents the total amount invested and the other equation represents the $1000 required in interest. Let x and y represent the amounts invested at 3% and 3.5%, respectively.

ansver
Answers: 1

Another question on Business

question
Business, 21.06.2019 13:00
Does a pipe fitter need to go to college
Answers: 1
question
Business, 21.06.2019 20:30
According to the law of demand, there is an inverse relationship between price and quantity demanded. that is, the demand curve for goods and services slopes downward. why?
Answers: 3
question
Business, 21.06.2019 22:50
The following data pertains to activity and costs for two months: june july activity level in 10,000 12,000 direct materials $16,000 $ ? fixed factory rent 12,000 ? manufacturing overhead 10,000 ? total cost $38,000 $42,900 assuming that these activity levels are within the relevant range, the manufacturing overhead for july was: a) $10,000 b) $11,700 c) $19,000 d) $9,300
Answers: 2
question
Business, 22.06.2019 20:30
Data for hermann corporation are shown below: per unit percent of sales selling price $ 125 100 % variable expenses 80 64 contribution margin $ 45 36 % fixed expenses are $85,000 per month and the company is selling 2,700 units per month. required: 1-a. how much will net operating income increase (decrease) per month if the monthly advertising budget increases by $9,000 and monthly sales increase by $20,000? 1-b. should the advertising budget be increased?
Answers: 1
You know the right answer?
A total of $29,000 is invested in two funds paying 3% and 3.5% simple interest. (The 3% investment h...
Questions
question
Mathematics, 11.05.2021 21:00