![jasmine2919](/avatars/35365.jpg)
jasmine2919
16.04.2020 •
Business
A total of $15, 000 is invested in two corporate bonds that pay 5% and 7% interest. The investor wants to earn $880 in interest per year from the bonds. How much should be invested in at 7% to earn this interest?
Solved
Show answers
More tips
- A Animals and plants How ants survive winter: exploring the secrets of their winter life...
- F Food and Cooking Discover How to Properly Prepare Dough for Rasstegai...
- P Philosophy Unidentified Flying Object - What is the Nature of this Phenomenon?...
- F Family and Home Protect Your Home or Apartment from Pesky Ants...
- O Other What is a Disk Emulsifier and How Does it Work?...
- F Family and Home What does a newborn need?...
- F Family and Home Choosing the Right Car Seat for Your Child: Tips and Recommendations...
- F Food and Cooking How to Get Reconfirmation of Registration?...
- C Computers and Internet How to Get Rid of Spam in ICQ?...
- A Art and Culture Who Said The Less We Love a Woman, the More She Likes Us ?...
Answers on questions: Business
- B Business 4. What do you think would happen if patents did not exist? Why?...
- B Business Check My Work (2 remaining) To determine the potential of a specific market segment an organization makes predictions based on a specific relevant time frame, geographic...
- B Business Apension plan pay for a. health benefits b. convenience benefits c. retirement benefits d. charity benefits...
- B Business Mary, a college student, needs to borrow $8,000 today for her tuition. She agrees to pay back the loan in a lump-sum payment upon graduating, 4 years from today. The...
- B Business The management of Heider Corporation is considering dropping product J14V. Data from the company s accounting system appear below: Sales: $980,000Variable expenses:...
- B Business As an it specialist you are asked to troubleshoot a problem with two computers on a network. all plugs are plugged in and power is on. what would be the most important...
- G Geography Explain six ways humans can impact the water cycle?...
- M Mathematics Greenpoint had 193,930 residents at the time of its founding. Currently it is 70% larger. What is the current population?...
- S Social Studies Using the Internet, local newspapers, and/or any regional information, write a 500-word overview of the impact that the euro is having on the global economy. In your...
- S Social Studies State the opinions you have formed about the issue you chose...
Ответ:
$6500
Explanation:
Let the amount invested in 5% be X
Let the amount invested in 7% be 15000 - X
Therefore,
Given that interest from both is 880
We have
5x + 7(15000 - x) = 880 × 100
5x + 105000 - 7x = 88000
Collect like terms,
-2x = - 17000
x = 17000 ÷ 2
x = 8500
Therefore,
At 7%, amount invested
= 15000 - 8500
= $6500
Ответ: