Mark wants to invest $10,000 to pay for his daughter's wedding next year. He will invest some of the money in a short term CD that pays 12% interest and the rest in a money market savings account that pays 5% interest. How much should he invest at each rate if he wants to earn $1,095 in interest in one year?

Answers

Answer 1

Answer:

Step-by-step explanation:

Let x be the amount that Mark invests in the short term CD that pays 12% interest, then he will invest (10000 - x) in the money market savings account that pays 5% interest.

The interest earned on the CD after one year will be 0.12x, and the interest earned on the savings account will be 0.05(10000 - x).

According to the problem statement, Mark wants to earn $1,095 in interest in one year. Therefore, we can set up the following equation:

0.12x + 0.05(10000 - x) = 1095

Expanding and simplifying, we get:

0.12x + 500 - 0.05x = 1095

0.07x = 595

x = 8500

Therefore, Mark should invest $8,500 in the short term CD that pays 12% interest, and he should invest $1,500 in the money market savings account that pays 5% interest.

Check:

Interest earned on the CD = 0.12(8500) = 1020

Interest earned on the savings account = 0.05(1500) = 75

Total interest earned = 1020 + 75 = 1095.

Therefore, the solution checks out.


Related Questions

Boris started on the treadmill after setting timer for 99 minutes. The display says he have finished 43% of his run. How many minutes have gone by. Round to the nearest tenth

Answers

If Boris has finished 43% of his run on the treadmill, it means that 43% of 99 minutes have gone by. To calculate this, we can multiply 99 by 0.43 to find the number of minutes:

99 minutes * 0.43 = 42.57 minutes

Rounding to the nearest tenth, we can say that approximately 42.6 minutes have gone by.

7.83mm= km (using the metric staircase)

Answers

Answer:

7.83 mm to km

7.83* 10^-6 or 7.83/10^6

0.00000783 km

Suppose findmin is an algorithm that finds the minimum of a set and has a worst-case time complexity of Oxn). The function prepend takes a set and adds a new element in the first position. The given algorithm sorts a list in ascending order.

Answers

The worst case complexity for the algorithm is O(n²)

In the worst case, every time we call the function findmin(list)

where list of length n, it will take  O(n)  operations.

For simplicity we can assume it will take n operations.

Since in each call , list decreases in one element  until it is finally empty.

the number of operations in the while loop is:

n(n-1)+(n-2)+....2+1 = n(n+1)/2= (n²+n)/2

Therefore the worst case complexity for the algorithm is O(n²).

Thus, time complexity is the number of activities a calculation performs to get done with its responsibility (taking into account that every activity requires some investment). The calculation that plays out the undertaking in the most modest number of activities is viewed as the most effective one regarding the time complexity.

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Solve the following quadratic inequality x^2+x-6>0

Answers

Answer:

x < -3 or x > 2

Step-by-step explanation:

x² + x - 6 > 0

Convert the inequality to an equation.

x² + x - 6 = 0

Factor using the AC method and get:

(x - 2) (x + 3) = 0

If any individual factor on the left side of the equation is equal to 0, the entire expression will be equal to 0.

x - 2 = 0

x = 2

x + 3 = 0

x = -3

So, the solution is x < -3 or x > 2

Suppose a baker claims that the average bread height is more than 15cm. Several of this customers do not believe him. To persuade his customers that he is right, the baker decides to do a hypothesis test. He bakes 10 loaves of bread. The mean height of the sample loaves is 17 cm with a sample standard deviation of 1.9 cm. The heights of all bread loaves are assumed to be normally distributed. The baker is now interested in obtaining a 95% confidence interval for the true mean height of his loaves. What is the lower bound to this confidence interval? 2 cm (round to 2 decimal places) What is the upper bound to this confidence interval? cm (round to 2 decimal places) For the following situations, use RStudio to find the appropriate t-critical values that would be needed to construct a confidence interval. Round all critical values to the second decimal place. 1. n = 15, confidence level is 95%, x= 35 and s = 2.7, t-critical value- 2, n = 37, confidence level is 99%, x= 82 and s = 5.9 t-critical value- 2 3, n 1009, confidence level is 90%, x 0.9 and s-0.04 t- critical value = 2 2

Answers

The correct answer is Confidence interval lower bound: 32.52 cm,Confidence interval upper bound: 37.48 cm

To calculate the confidence interval for the true mean height of the loaves, we can use the t-distribution. Given that the sample size is small (n = 10) and the population standard deviation is unknown, the t-distribution is appropriate for constructing the confidence interval.

The formula for a confidence interval for the population mean (μ) is:

Confidence Interval = sample mean ± (t-critical value) * (sample standard deviation / sqrt(sample size))

For the first situation:

n = 15

Confidence level is 95% (which corresponds to an alpha level of 0.05)

x = 35 (sample mean)

s = 2.7 (sample standard deviation)

Using RStudio or a t-table, we can find the t-critical value. The degrees of freedom for this scenario is (n - 1) = (15 - 1) = 14.

The t-critical value at a 95% confidence level with 14 degrees of freedom is approximately 2.145.

Plugging the values into the formula:

Confidence Interval = 35 ± (2.145) * (2.7 / sqrt(15))

Calculating the confidence interval:

Lower Bound = 35 - (2.145) * (2.7 / sqrt(15)) ≈ 32.52 (rounded to 2 decimal places)

Upper Bound = 35 + (2.145) * (2.7 / sqrt(15)) ≈ 37.48 (rounded to 2 decimal places)

Therefore, the lower bound of the confidence interval is approximately 32.52 cm, and the upper bound is approximately 37.48 cm.

For the second situation:

n = 37

Confidence level is 99% (which corresponds to an alpha level of 0.01)

x = 82 (sample mean)

s = 5.9 (sample standard deviation)

The degrees of freedom for this scenario is (n - 1) = (37 - 1) = 36.

The t-critical value at a 99% confidence level with 36 degrees of freedom is approximately 2.711.

Plugging the values into the formula:

Confidence Interval = 82 ± (2.711) * (5.9 / sqrt(37))

Calculating the confidence interval:

Lower Bound = 82 - (2.711) * (5.9 / sqrt(37)) ≈ 78.20 (rounded to 2 decimal places)

Upper Bound = 82 + (2.711) * (5.9 / sqrt(37)) ≈ 85.80 (rounded to 2 decimal places)

Therefore, the lower bound of the confidence interval is approximately 78.20 cm, and the upper bound is approximately 85.80 cm.

For the third situation:

n = 1009

Confidence level is 90% (which corresponds to an alpha level of 0.10)

x = 0.9 (sample mean)

s = 0.04 (sample standard deviation)

The degrees of freedom for this scenario is (n - 1) = (1009 - 1) = 1008.

The t-critical value at a 90% confidence level with 1008 degrees of freedom is approximately 1.645.

Plugging the values into the formula:

Confidence Interval = 0.9 ± (1.645) * (0.04 / sqrt(1009))

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The machinery in a cereal plant fills 350 g boxes of cereal. The specifications for the machinery permit for a certain amount of fill tolerance. It is found that the weights of filled cereal boxes are normally distributed with a mean of 350 g and a standard deviation of 4 g. What is the probability that a box of cereal is under filled by 5 g or more?

Answers

There is approximately an 89.44% probability that a box of cereal is underfilled by 5 g or more.

To find the probability that a box of cereal is underfilled by 5 g or more, we need to calculate the probability of obtaining a weight measurement below 345 g.

First, we can standardize the problem by using the z-score formula:

z = (x - μ) / σ

Where:

x = the weight value we want to find the probability for (345 g in this case)

μ = the mean weight (350 g)

σ = the standard deviation (4 g)

Substituting the values into the formula:

z = (345 - 350) / 4 = -1.25

Next, we can find the probability associated with this z-score using a standard normal distribution table or a statistical calculator.

The probability of obtaining a z-score less than -1.25 is approximately 0.1056.

However, we are interested in the probability of underfilling by 5 g or more, which means we need to find the complement of this probability.

The probability of underfilling by 5 g or more is 1 - 0.1056 = 0.8944, or approximately 89.44%.

Therefore, there is approximately an 89.44% probability that a box of cereal is underfilled by 5 g or more.

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1. How many degrees are in this angle, which is one-fourth of the circle?

1. How many degrees are in this angle, which is one-fourth of the circle?

Answers

Answer: 90 degrees

Step-by-step explanation: A circle is 360 degrees so since that is 1/4 you can divide

360/4 = 90 (: hope this helps

Answer:

90* x 4 = 360*

360* / 4 = 90*

Step-by-step explanation:

A circle has 360* all around.

In the angle that was drawn, it is 90*

The degrees for the space outside of 90* is x

x = ?                360* - 90* = 280*                 x = 280*

hope this helped

Using exactly four 4's and any operation or symbols [+, -, *, /, (), x to the power of __], write an expression to equal each of the following:

1 = ________________ 4 = _______________ 7 = ________________
2 = ________________ 5 = _______________ 8 = ________________
3 = ________________ 6 = _______________ 9 = ________________

Answers

Answer:

1→ (4/4) / (4/4) = 1/1 = 1

2→ (4*4) / (4+4)= 16/8 = 2

3→ (4+4+4)/4 = 12/4 = 3

4→ (4-4)*4 + 4= 0*4 + 4= 4

5→ (4*4 +4) /4 = 20/4 =5

6→ 4+(4+4)/4 =  4+  8/4 = 4+2 =6

7→ 4+4 -4/4 = 8-1=7

8→ 4+4+4-4=12-4=8

9→ 4+4 + (4/4)= 8+1 =9

Step-by-step explanation:

The equations for two savings accounts for the same initial amount of $975 and an interest rate of 5.4% accrued differently are shown in the table. Savings Account A A = 975 1+ 0.054 12 DROP DOWN 1 127 Savings Account B A 97552.65t Complete the statements. After 8 years, savings account [DROP DOWN 1] will have more money because it is modeled by [DROP DOWN 2] where the investment [DROP DOWN 3].​

Answers

After 8 years, Savings Account B will have more money because it is modeled by the equation A = 975 * (1 + 52.65 * t), where the investment grows at a much faster rate

How to solve

Account A shows an end balance of approximately $1,622.40 after eight years based on a model of continual compounding with an annual percentage rate of 5.4%.

In contrast, account B's future balance prediction is roughly $411,641.00 at the end of an eight-year period, which utilizes a simple interest model and grows at breakneck speeds due to a growth percentage of 5265%.

After 8 years, Savings Account B will have more money because it is modeled by the equation A = 975 * (1 + 52.65 * t), where the investment grows at a much faster rate

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Each of two savings accounts begins with $975 as an initial deposit and 5.4% annual interest rate; however, the interest is accrued distinctly for each account. As demonstrated below in Table I:

- Savings Account A: A = 975 * (1 + 0.054 / 12) ^ (12 * t);

- Savings Account B: A = 975 * (1 + 52.65 * t).

Thus, after eight years, which account will yield a higher balance and why remains to be determined?

A man deposited 350 in his account in the bank.a simple interest of 4 percent per annum was paid on his deposit.calculate the total amount at the end of 4 years?

Answers

The total amount payable at the end of 4 years is 406

In this given sum we are provided with the values of principal , rate of interest , and the number of years , we are asked to calculate the amount payable after 4 years that is the matured amount which is calculated with the addition of the principal amount and the simple interest. For that we had to first find out the amount of interest and then we need to add that with the principal amount to get the matured amount or the amount that is payable at the end of 4 years.

here we have to apply the formulla of simmple interest :

(principal × rate of interest × no. of years )/ 100

In the given sum principal (p) = 350 , rate of interest (r) = 4% pa , no. of years (n) = 4

Simple interest = pnr/100

= (350 × 4 × 4)/100  = 56

Matured Amount = Principal + Interest

= 350 + 56 = 406

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Which two of the following are benefits of consumer program
They help prosecute company’s that sell unsafe products
They’re funded by taxpayers not consumers
They help maintain industry standards by issuing professional licenses
They help consumers identify the best product reviews from various sources

Answers

Among the four options provided, the benefits of consumer program are that they help prosecute companies that sell unsafe products to consumers and they also help consumers identify the best product reviews from various sources.

As per the question statement, we are required to determine the options from the given four, which are the best possible matches to being benefits of consumer program.

To solve this question, we will check for the possibility of every option by logical reasoning.

Option (A) is "They help prosecute company’s that sell unsafe products" which is true, and thus protects the consumer against frauds or exploits and health issues. Hence, this is definitely a benefit of consumer program.

Option (B) is "They’re funded by taxpayers not consumers" which is illogical because taxpayers are the consumers themselves. Hence, this is not a benefit of consumer program.

Option (C) is that "They help maintain industry standards by issuing professional licenses" which is false because forum has nothing to do with issuing licenses; It ensures that consumers are served with best quality products at the best prices and takes legal action against fraudulency. Hence, this is not a benefit of consumer program.

Finally, Option (D) is that "They help consumers identify the best product reviews from various sources" which is true. Hence, this is definitely another benefit of consumer program.

Consumer Program: This is a program by which key members of a client company, such as the marketing team, spend time directly with consumers or other people representing the client's existing or target customers. This may be done occasionally or on a regular basis, and at a central location or at customers' house.

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Q3. A bag contains 7 red balls and 3 green balls. A ball is taken out replaced.
A second ball is then taken out.
i.
Find the following probabilities?
a. P(R)
b. P(G)
c. P (G and G)
d. P (R and R)
e. P (R and G)
f. P (G and R)

Answers

Part (a)

There are 7 red out of 7+3 = 10 total

Answer: 7/10

==========================================================

Part (b)

We have 3 green out of 10 total

Answer: 3/10

==========================================================

Part (c)

3/10 is the probability of getting green on any selection. This is because we put the first selection back (or it is replaced with an identical copy)

So (3/10)*(3/10) = 9/100 is the probability of getting two green in a row.

Answer: 9/100

==========================================================

Part (d)

Similar to part (c) we have 7/10 as the probability of getting red on each independent selection.

(7/10)*(7/10) = 49/100

Answer: 49/100

==========================================================

Part (e)

7/10 is the probability of getting red and 3/10 is the probability of getting green. Each selection is independent of any others.

(7/10)*(3/10) = 21/100

Answer: 21/100

==========================================================

Part (f)

We have the exact same set up as part (e). Notice how (7/10)*(3/10) is the same as (3/10)*(7/10).

Answer: 21/100

A school sports team sold candy bars to raise money for new uniforms. The table shows the amount of candy sold each week for three weeks.

Week Amount Sold
Week 1 32%
Week 2 eight twenty fifths
Week 3 seventeen fifty firsts


For which weeks did the team sell the same amount of candy bars?

Weeks 1 and 2

Weeks 1 and 3

Weeks 2 and 3

Weeks 1, 2, 3

Answers

The weeks for which the team sold the same amount in percentages of candy bars are A. Weeks 1 and 2.

What is a percentage?

A percentage is a mathematical expression of the relationship between two numbers or variables.

It is also known as a ratio and is usually denoted as "%."

Data and Calculations:

Week     Amount Sold

Week 1       32%

Week 2    eight twenty-fifths (8²⁰/₅₀)

Week 3 seventeen fifty-firsts (¹⁷/₅₁)

In percentage terms, the sales for each week are as follows:

Week 2    eight twenty-fifths (8²⁰/₅₀)

= 8²⁰/₅₀

= 160/500

= 32%

Week 3 seventeen fifty-firsts (¹⁷/₅₁)

= ¹⁷/₅₁

= 33%

Thus, the weeks for which the team sold the same amount in percentages of candy bars are A. Weeks 1 and 2.

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Given that f(x) = x2 - 5x+6, evaluate the function f(6).

Answers

Answer:

f(6) = 12

Step-by-step explanation:

We are given the following function:

\(f(x) = x^2 - 5x + 6\)

Evaluate the function f(6).

This is \(f(x)\) when \(x = 6\). So

\(f(6) = 6^2 - 5(6) + 6 = 36 - 30 + 6 = 12\)

f(6) = 12 is the answer.

Given the domain of the function, find the corresponding range. f(x) = 4x - 1 Domain: {3, 7, 11, 15} Range: {11, 27, 43, 59} Range: {-1,-2,-3,-4} Range: {3,7,11,15} Range: {1,2,3,4}

Answers

The answer is b because of the situation

A lie-detector works correctly with 80% probability when the person is lying, and with 90% probability when the person is not. Assume that in a given court, typically 70% of the people who have to be tested with the lie-detector do not say the truth. On the long run, which percentage of time does the lie detector make a mistake?

Answers

Answer:

the time percentage is 17%

Step-by-step explanation:

The computation of the time percenatge in the case when the detector lie and done with the mistake is as follows:

L denotes the event  in which a person is lying.

NL denotes the event in which a person is not lying.

C denotes the event in which that lie detector works correctly

NC denotes the event in which  lie detector is not working correctly

Now

P(C|L) =0.8

And,

P(NC|L) is

=1 - .8

= 0.2

P(C|NL) =0.9

P(NC|NL) is

= 1 -.9

=.1

P(L) = 0.7

P(NL) is

= 1 - .7

= .3

Now

P(NC) =P(NC|L) × P(L) + P(NC|NL) × P(NL)

=. 2 × .7 + .1 ×.3

=. 14+.03

= 0.17

Hence, the time percentage is 17%

The ratio of moose to reindeer is 5 to 4. If
there are 60 moose, how many reindeer are
there?

Answers

Answer:

48 reindeer

Step-by-step explanation:

the 5 part of the ratio relates to 60 moose , then

60 ÷ 5 = 12 ← value of 1 part of the ratio

then

4 × 12 = 48 ← number of reindeer

A pyramid has a rectangular base of length (3x + 1)cm and width xcm.
It also has a perpendicular height of 12 cm.
The volume of the pyramid is 96 cm³.
Given that the volume of a pyramid is one third of the area of the base
multiplied by the perpendicular height, find the dimensions of the base
of the pyramid.

Optional working
width: Answer
length: Answer
cm
cm

A pyramid has a rectangular base of length (3x + 1)cm and width xcm.It also has a perpendicular height

Answers

The width of the rectangular base of the pyramid is approximately 3.74 cm, and the length is approximately 11.22 cm (since it is given as 3x+1).

What is base of a pyramid?

The base of a pyramid can be any polygon, such as a square or a triangle, but the height must always be measured perpendicular to the base.

Define the term dimensions?

Dimensions refer to the number of coordinates needed to specify the location of an object in space.

Based on the given information, we can set up an equation to solve for x, which is the width of the rectangular base of the pyramid:

Volume of pyramid = 1/3 × base area ×height

96 = 1/3 ×(3x+1) × x ×12

Simplifying the equation:

96 = 4x² + (4/3)x

Multiplying both sides by 3 to eliminate the fraction:

288 = 12x² + 4x

Rearranging the equation into a quadratic form:

12x² + 4x - 288 = 0

Dividing both sides by 4 to simplify the equation:

3x² + x - 72 = 0

We can then use the quadratic formula to solve for x:

x = (-b ± \(\sqrt{(b^2-4ac)}/2a\)

where a = 3, b = 1, and c = -72.

Plugging in the values:

x=(-1±\(\sqrt{1^2-4(3)(-72)} /2(3)\))

x=(-1±\(\sqrt{1+864} /6\))

x = (-1 ±\(\sqrt{865} /6\) )

Since the width of the base cannot be negative, we take the positive solution:

x = (-1 + √(865) / 6

Therefore, the width of the rectangular base of the pyramid is approximately 3.74 cm, and the length is approximately 11.22 cm (since it is given as 3x+1).

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Write the phrase as an expression. Six more than three times a number w. An expression for this phase is..?

Answers

Answer:

6+3x=w

Step-by-step explanation:

6 *more* more always means +

and then three *times* times always means *

so it would equal 6+3x=w

Pleaseeee helpp which one is it and whyyyy!!!!

Pleaseeee helpp which one is it and whyyyy!!!!

Answers

Answer:

answer is A

Step-by-step explanation:

A wedge of cheese in the shape of a triangular prism is shown below.
​Find the surface area of the cheese.

_______Square feet

A wedge of cheese in the shape of a triangular prism is shown below.Find the surface area of the cheese._______Square

Answers

Answer:

\(144 $ Square feet\)

Step-by-step explanation:

The given triangular prism comprises of two equal right triangles and three rectangles.

The Surface Area of the Prism

=Area of Two Triangles + Area of Three Rectangles

\(=2(0.5X6X8)+(6X4)+(10X4)+(8X4)\\=48+24+40+32\\=144 $ Square feet\)

Answer: 144

Step-by-step explanation:32+24+4-+48=144

Classify this relation as direct, inverse, or neither:
On Sarah's 16 GB flash drive, she can fit 16 video clips of about 1 GB each, two movies of about 8 GB each, or 4000 songs of about 4 MB each.

A. Inverse; there is a constant product of 8 GB.
B. Inverse; there is a constant product of 16 GB.
C. Direct; the ratio of corresponding x- and y-values is constant.
D. Neither

Answers

Answer:

b option im not sure but

Step-by-step explanation:

B IS THE CORRECT ANWSER

PLEASE HELP ME NOW!!

PLEASE HELP ME NOW!!

Answers

Answer:

Twice a number increased by five - 2x + 5

Five decreased by twice a number- 5 - 2x

Twice the difference of a number and five- 2(x - 5)

Twice the sum of a number and five= 2(x + 5)

Five subtracted from twice a number= 2x - 5

Twice a number, less five= 2x - 5

Step-by-step explanation:

a. Twice a number increased by 5

Assuming the number as x

Therefore, It's \({{\underline{\textsf{\textbf{2x + 5}}}}}\)

b. Five decreased by twice a number

Assuming the number as x

Therefore, It's \({{\underline{\textsf{\textbf{2x - 5 }}}}}\)

c. twice the difference of a number and five.

Assuming the number as x

Therefore, It's \({{\underline{\textsf{\textbf{2(x - 5)}}}}}\)

d. Twice the sum of a number and five

Assuming the number as x

Therefore, It's \({{\underline{\textsf{\textbf{2(x + 5)}}}}}\)

e. five subtracted from twice a number

Assuming the number as x

Therefore, It's \({{\underline{\textsf{\textbf{ 2x - 5}}}}}\)

f. twice a number, less five

Assuming the number as x

Therefore, It's \({{\underline{\textsf{\textbf{5 - 2x}}}}}\)

Hope it helps!!

A silo contains 20 pounds of corn per foot in height. Looking at the model below, about what is the maximum amount of corn the actual silo could hold?

A. 60 pounds
B. 300 pounds
C. 900 pounds
D. 2000 pounds ​

A silo contains 20 pounds of corn per foot in height. Looking at the model below, about what is the maximum

Answers

Answer: its actually 900

Step-by-step explanation:

What is the constant up a proportionally in a equation y=x/g

Answers

Answer:

Step-by-step explanation:

\(y=(\frac{1}{g} )x\)

Constant up a proportionally is  \(\frac{1}{g}\).

Which of the following expressions is equivalent to (8x)2/3 ?

a
4 cubic root of x^2
b
Cubic root of 8x^2
c
4x^2/3
d
(8^2/3) (x^2/3)

Answers

Answer: C. 4x^2/3 is ur answer

Theprofit(indollars)earnedbysellingwappletreesisrepresentedby w2 − 4w + 14. The profit (in dollars) earned by selling w pear trees is
represented by 2w + 10. Write a polynomial that represents how much more profit is earned by selling w apple trees than w pear trees.

Answers

\(w^2 - 6w + 4\) is a polynomial that represents how much more profit is earned by selling w apple trees than w pear trees.

The profit earned by selling w pear trees is 2w + 10

To find the difference in profit, we need to subtract the profit earned by selling w pear trees from the profit earned by selling w apple trees:

\((w^2 - 4w + 14) - (2w + 10)\)

Simplifying the expression:

\(w^2 - 6w + 4\)

Therefore, the polynomial that represents how much more profit is earned by selling w apple trees than w pear trees is \(w^2 - 6w + 4\).

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What fraction with a numerator of 2 is equivalent to ​48​?

Answers

Answer:

\(\frac{2}{\frac{1}{24} }\)

Step-by-step explanation:

2/x = 48

48x = 2

x = (2)/ (1/24)

\(\frac{2}{\frac{1}{24} }\) = 48

Using the approximation 3.14 for (pie symbol ​, what is the radius of a circle with a circumference of 59.7

​m?

Answers

Here is my answer for your question
Using the approximation 3.14 for (pie symbol , what is the radius of a circle with a circumference of

round to the nearest tenth

round to the nearest tenth

Answers

Answer:

A) 1017.9

Step-by-step explanation:

the radius is the bottom line which is 9

The height is the line on the inside which is 12

1/3 x 3.14 x \(9^{2}\) x 12= 1017.36

but if you were to answer it with the pi symbol you would get the estamite of 1017.88 which rounded to the tenths is 1017.9

Other Questions
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