Open study

is now brainly

With Brainly you can:

  • Get homework help from millions of students and moderators
  • Learn how to solve problems with step-by-step explanations
  • Share your knowledge and earn points by helping other students
  • Learn anywhere, anytime with the Brainly app!

A community for students.

Nancy wants to invest her 50000.She invests part of it in corporate bonds paying 15% interest per year and the other part in a bank certificate that pays 7% interest per year.How much money should she invest at each rate to yield 6000 interest per year?

Mathematics
I got my questions answered at brainly.com in under 10 minutes. Go to brainly.com now for free help!
At vero eos et accusamus et iusto odio dignissimos ducimus qui blanditiis praesentium voluptatum deleniti atque corrupti quos dolores et quas molestias excepturi sint occaecati cupiditate non provident, similique sunt in culpa qui officia deserunt mollitia animi, id est laborum et dolorum fuga. Et harum quidem rerum facilis est et expedita distinctio. Nam libero tempore, cum soluta nobis est eligendi optio cumque nihil impedit quo minus id quod maxime placeat facere possimus, omnis voluptas assumenda est, omnis dolor repellendus. Itaque earum rerum hic tenetur a sapiente delectus, ut aut reiciendis voluptatibus maiores alias consequatur aut perferendis doloribus asperiores repellat.

Join Brainly to access

this expert answer

SEE EXPERT ANSWER

To see the expert answer you'll need to create a free account at Brainly

07m+.15(50000-m)=6000 7m+15(50000-m)=600000 7m+750000-15m=600000 8m=150000 m=18750 50000-m=31250 Nancy needs to invest $18,750 at 7% and $31250 at 15%..
Let x be the amount invested in the 15% account. Then 50,000 - x is the amount invested in the 7% account. Total interest from both accounts is .15x + .07(50,000 - x) = 6,000 .08x + 3,500 = 6,000 .08x =2,500 x = 31,250 50,000 - x = 18,750. Nancy should invest %31,250 in the 15% account and $18,750 in the 7% account.
thank you guys.

Not the answer you are looking for?

Search for more explanations.

Ask your own question

Other answers:

:^)

Not the answer you are looking for?

Search for more explanations.

Ask your own question