Kelly has $20000 to invest, and hopes to earn $1390 in interest in the first year. She wants her investment in treasury bills to be $3000 more than her investment in corporate bonds. The expected return (in simple interest) on each investment are: Treasury Bills: 5%, Treasury Bonds: 7%, Corporate Bonds: 10%. How much should Kelly invest in each one?

Answers

Answer 1

Answer:

$8,000 in Treasury bills

$7,000 in Treasury bonds

$5,000 in corporate bonds

Step-by-step explanation:

Let the amount to be invested in treasury bills be $x , the amount to be invested in treasury bonds be $y

From the question, we understand that the amount she will invest in corporate bonds will be $3000 less than the amount in treasury bills;

So mathematically, this will be $(x - 3000)

So therefore, the amount invested in each will be;

x + y + x-3000 = 20,000

2x + y = 20,000 + 3000

2x + y = 23,000 ••••••••(i)

Let’s now work with the simple interests;

For treasury bills;

5% = 5/100 * x = 5x/100

For Corporate bonds ;

10% = 10/100 * (x -3000) = (x-3000)/10

For Treasury bonds 7%

7% = 7/100 * y = 7y/100

Adding all gives the total interest;

5x/100 + 7y/100 + (x-3000)/10 = 1390

Multiply through by 100

5x + 7y + 10(x-3000) = 1390 * 100

5x + 7y + 10(x-3000) = 139,000

5x + 7y + 10x -30,000 = 139,000

15x + 7y = 139,000 + 30,000

15x + 7y = 169,000 •••••••••(ii)

So we have two equations to solve simultaneously;

From i, y = 23,000 - 2x

Put this into ii

15x + 7(23,000 -2x) = 169,000

15x + 161,000 - 14x = 169,000

x + 161,000 = 169,000

x = 169,000 - 161,000

x = $8,000

y = 23,000 - 2x

y = 23,000 - 2(8,000)

= 23,000 - 16,000 = $7,000

So the last investment amount is x-3000 = 8,000 -3,000 = $5,000


Related Questions

A spinner with 10 equally sized slices has 2 red slices , and 4 yellow slices, and 4 blue slices. The dial is spun and stops on a slice at random. What is the probability that the dial stops on a red or yellow slice?

Answers

Given parameters:

Number of equally sized slices = 10

Red slices  = 2

Yellow slices  = 4

Blue slices  = 4

Unknown:

Probability that the dial stops on a red or yellow color  =?

Solution:

Probability is the likelihood of an event to occur.

   Probability  = [tex]\frac{Possible outcome }{Total outcome}[/tex]  

   This probability cites a mutually exclusive event because if the dial stops on red, it cannot be on yellow.

Pr(red  or yellow) = Pr(red) + Pr(Yellow)

                             = [tex]\frac{2}{10}[/tex]  + [tex]\frac{4}{10}[/tex]

                              = [tex]\frac{6}{10}[/tex]

                              = [tex]\frac{3}{5}[/tex]

The probability of red or yellow is [tex]\frac{3}{5}[/tex]

HELP!!!!On Monday, Josh went to the Farmer's Market. He bought 5 peaches and 2 watermelons for $7.75. On Thursday, Josh went back to the Farmer's Market and bought 3 peaches and 4 watermelons for $10.95. Which of the following systems of equations can be used to determine the cost for one peach (p) and one watermelon (w)?

1. 5p+2w=$7.75
3p+4w=$10.95

2. 5p×2w=$7.75 (Wrong)
3p×4w=$10.95

3. 5w+2p=$7.75
3w+4p=$10.95

4. 5w×2p=$7.75
3w×4p=$10.95

Answers

Answer:

1. 5p+2w=$7.75

3p+4w=$10.95

Step-by-step explanation:

Just make sure the sign is adding and the w and p are in the right spots

Answer: 1. 5p+2w=$7.75

3p+4w=$10.95

Step-by-step explanation: did the test n got it correct, hope this helped :)

which actions are most likely to lead to the discovery of new info

Answers

Answer:

the answer is D :3

Step-by-step explanation:

you must use the dividen to answer the question

A is opposite _________???

Answers

Like BC! Hope this helps :)

Need help Just say a b c or d

Answers

Answer:

A) 2

Step-by-step explanation:

19=2x-15

19-15=4

4=2x

4÷2=2

×=2

The answer is B. Hope this helps!

What is the simple interest formula?

A.I=P-rt
B.I=Prt
C.I=P+r+t

Answers

the answer should be I=prt
The answer is B!!!!!!

PLEASE HELP ASAP ILL GIVE YOU BRAINLEST


Mira borrowed $1,200 from the bank to help pay rent. If the bank charged 6% interest over 9 months, how much did she pay the bank back all together?

Answers

Step-by-step explanation:1,200x 0.06 interest= 72.

She paid it over the course of 9 months, so 72x9= 648.

Mira pay $1,254 the bank back all together.

What is Simple interest?

A quick and easy method of calculating the interest charge on a loan is called a Simple interest.

We have to given that;

Mira borrowed $1,200 from the bank to help pay rent.

And, The bank charged 6% interest over 9 months.

Now, We know that;

⇒ Simple interest = PRT / 100

Where, P is principle amount, R is rate and T is time.

So, We get;

⇒ Simple interest = PRT / 100

⇒ Simple interest = 1200 × 6 × 9/12 × 1/100

⇒ Simple interest = $54

Hence, The total amount to pay back to bank is,

Amount = Principle amount + Interest

⇒ Amount = $1,200 + $54

⇒ Amount = $1,254

Learn more about the simple interest visit;

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A community center with 700
members has 56 teenage members.
What percentage of the members are
teenagers?
F 56%
G 8%
H 5.6%
J 80%

Answers

Answer:

8%

Step-by-step explanation:

divide number of teenagers by total and the multiply by 100... this is very basic

Answer: 8

Step-by-step explanation:

list 1/6, -4, sq root of 8, 4.3 from least to greatest 

Answers

Answer:

-4, 1/6, sq rt 8, 4.3

Step-by-step explanation:

1/6=.167

sq rt8= 2.82

The graph of a linear function has a slope of 3 and contains the point (15, 6). What is the y-intercept?

PLEASE HELPPP

Answers

Answer:

y(0) = -39

Step-by-step explanation:

15 * 3 = 45

6- 45 = -39

What’s the diameter and the radius

Answers

Answer:

Radius is 12 (24/2)

Diameter is 24 (a straight line passing from side to side through the center of a circle)

Solve for x 5z-8=-28

Answers

U said solve for x do u mean z?

z=-4

Answer: z = -4

Step-by-step explanation:

Simplifying

5z + -8 = -28

Reorder the terms:

-8 + 5z = -28

Solving

-8 + 5z = -28

Solving for variable 'z'.

Move all terms containing z to the left, all other terms to the right.

Add '8' to each side of the equation.

-8 + 8 + 5z = -28 + 8

Combine like terms: -8 + 8 = 0

0 + 5z = -28 + 8

5z = -28 + 8

Combine like terms: -28 + 8 = -20

5z = -20

Divide each side by '5'.

z = -4

Simplifying

z = -4    Hope this helps !

Sam's Furniture Store places the following advertisement in the local
newspaper. Write a system of equations for the three combinations of
furniture. What is the price of a love seat?*
Write a system of equations for the word problem and solve it. ONLY input your answer for how
much a love seat cost.
SAM'S
Store
Stand kve seat
$1300
$1400
$1600
Sols and two chairs
Safa, love seat, and one chair
Your answer

Answers

Answer:

1. The system of equations is given as follows;

S + L = $1,300................(1)

S + 2·C = $1,400............(2)

S + L + C = $1,600.........(3)

Where;

S = The cost of a sofa

L = The cost of a love sea

C = The cost of a single chair

2. The cost of a love sea, L is $500

Step-by-step explanation:

1. The given information are;

The price of sofa and love sea = $1,300

The price of sofa and two chairs = $1,400

The price of sofa, love sea, and one chair = $1,600

Let the cost of a sofa = S

Let the cost of a love sea = L

Let the cost of a chair = C

Therefore, we have;

S + L = $1,300................(1)

S + 2·C = $1,400............(2)

S + L + C = $1,600.........(3)

2. From equation (1), we have;

L = $1,300 - S

Similarly, from equation (2),we have;

C = ($1,400 - S)/2

Substituting the values of L and C in equation (3), we have;

S + $1,300 - S + ($1,400 - S)/2 = $1,600

Which gives;

($1,400 - S)/2 = $1,600 - $1,300 = $300

$1,400 - S = 2 × $300 = $600

$1,400  = $600 + S

$600 + S = $1,400

S = $1,400 - $600 = $800

S = $800

The cost of a love seat, L, is given from the relation L = $1,300 - S, above, which gives;

L = $1,300 - $800 = $500

The cost of a love sea, L is $500 .

NASA is launching a prove that will travel in a straight line to Saturn and then beyond. Use d to represent the distance from Earth to Saturn, and use q to represent the total distance the probe has traveled. Saturn has not moved relative to the probe.

Answers

Step-by-step explanation:

its c because ppl eheueebeuebeue eueeb

Given the following two points write the equation in slope intercept form: (0, -5) and (4, 3)

Answers

Answer:

[tex]y=2x-5[/tex]

Step-by-step explanation:

Let's start by finding the slope using the two points given. Use the formula for slope below:

[tex]m=\frac{y_2-y_1}{x_2-x_1}[/tex]

Identify your values:

[tex]x_1=0\\x_2=4\\y_1=-5\\y_2=3[/tex]

Substitute:

[tex]m=\frac{3-(-5)}{4-0}[/tex]

Combine terms:

[tex]m=\frac{8}{4}[/tex]

Simplify:

[tex]m=2[/tex]

_

Let's graph these two points. As seen on the graph attached, we can see that [tex]-5[/tex] is the y-intercept. With our slope and y-intercept, we have the information needed to formulate an equation in slope-intercept form:

[tex]y=mx+b[/tex]

Identify your values:

[tex]m=2[/tex]

[tex]b=-5[/tex]

Substitute:

[tex]y=2x-5[/tex]

A cup slides off a 1.1\,\text m1.1m1, point, 1, start text, m, end text high table with a speed of 1.3\,\dfrac{\text m}{\text s}1.3
s
m

1, point, 3, start fraction, start text, m, end text, divided by, start text, s, end text, end fraction to the right. We can ignore air resistance.
What was the cup's horizontal displacement during the fall?

Answers

Answer:

0.616m

Step-by-step explanation:

Mr. Bohman is taking out a loan so that he can buy more bees. If he takes out a loan of $5,500 at 10% simple interest for 7 years, how much interest will he have to pay

Answers

Answer:$3850

Step-by-step explanation:fist do 5,500 X 1 =500

Then do 500 X 7 = 3850

- Danny multiplied a number by 7 and
added 32. Paul multiplied the same
number by 5 and added 92. After
these calculations, both boys arrived
the same answer. Which equation
can be used to determine what
number each boy multiplied?

Answers

Answer:

A.

Step-by-step explanation:

x is what is representing the unknown number. So, both are multiplying x (the unknown number) by 7 and 5, respectively, and adding that number by 32 and 92, respectively.

2. GAME Frita's game piece is on square
24 of a game board. She draws a card
that
says, "Move back 4 spaces." Then
she draws a card that says, “Move back
2 spaces." On which square is Frita's
game piece now?

Answers

Answer:

Square 18.

Step-by-step explanation:

First, you subtract 4 from 24, and get 20, which you subtract 2 from to get your answer: 18.

Hope this helps!

what value of x makes this equation true:
8x + 7 = 79

Answers

Answer:

x equals to 9

9

x is 9

x is 9

The figures are not drawn to scale.
35°
55°
Based on the information in the drawing, which statement
can be made about the figures?
O All sides are congruent.
O Corresponding angles are congruent.
The triangles are similar.
O Corresponding sides are proportional.

Answers

Answer:

Corresponding angles are congruent, corresponding sides are porportional, and the triangles are similar.

Step-by-step explanation:

Since angles on a triangle add up to 180 degrees, we can figure out that both triangles' angles are 55, 35, and 90. That means the triangles are similar, corresponding sides are porportional, and also means the corresponding angles are congruent. The 4th one cannot be guaranteed, as the triangles could be of different sizes.

Greatest common factor and disruptive property: rearrange 16 and 36 to look like this _______(_____+_____)

Answers

the answer should be 4 (4+9)

y = –6x+2
–12x – 2y = –4
How many solutions does this linear system have?

one solution: (0, 0)
one solution: (1, –4)
no solution
infinite number of solutions

Answers

Answer:

infinite number of solutions

Step-by-step explanation:

y = -6x + 2 . . . . . . . . (1)

-12x - 2y = -4 . . . . . . (2)

Putting (1) into (2), we have

-12x - 2(-6x + 2) = -4

-12x + 12x - 4 = -4

-4 = -4

Therefore, the system has infinite number of solutions.

I hope this helps you! :3 :)

Answer:

infinte number of solutions

Step-by-step explanation:

8.4 km/min into km/h​

Answers

Answer:

504km/h

Step-by-step explanation:

there are 60 minutes in an hour.

8.4kmx60min= 504km/h

3. Which list below shows the number of medals that one nation's team won at the Olympics. What is the ratio of gold medals to the total number of medals that the team won? Gold 34; Silver 30; Bronze 39 * 1 point A. 34 to 93 B. 34 to 103 C. 103 to 34 D. 34 to 69

Answers

Answer:

The ratio of gold medals to the total number of medals that the team won is 34 to 103.

The correct option is B. 34 to 103

Step-by-step explanation:

From the question, the team of one nation has won 34 Gold, 30 Silver, and 39 Bronze medals.

To determine the ratio of gold medals to the total number of medals that the team won,

First, we will determine the total number of medals that the team won, which is the sum of the numbers of each medal won. That is

Total number of medals = 34 + 30 + 39 = 103

Therefore, total number of medals = 103

Now, for the ratio of gold medals to the total number of medals that the team won

Number of gold medals won = 34

Hence, the ratio of gold medals to the total number of medals that the team won is 34 to 103

Let x be the number of books and y be the number of magazines you can buy. Which of the following represent(s) a possible solution to the equation 10x +4y = 40? Select all that apply.

(0, 10)

(3, 2.5)

(-2, 15)

(2, 5)

Answers

Step-by-step explanation:

so what you are going to do is subsitute all the x axis coordinates with the x in the equation they gave you and then do the same with the y for example A.

10(0)+4(10)=40

Answer:

(0, 10)

Step-by-step explanation:

substitute the value of x,y given into the formula, that equates 40.

10x + 4y = 40

let x = 0, y = 10  ;         10(0)  + 4(10)   = 40    

let x = 3, y = 2.5 ;         10(3)  + 4(2.5) ≠ 40     x

let x = -2, y = 15  ;         10(-2) + 4(15)   ≠ 40    x

let x = 2, y = 5     ;        10(2)   + 4(5)    ≠ 40    x

therefore, (0, 10) is the right answer

If f(x)=3x+2, what is f(5)
A. 1
B. 17
C. 13
D. 10

Answers

17 because 3 times 5 is 15 and then you add 2 which gives you 17

Can you please solve this.

Answers

Answer:

They are not similar.

Step-by-step explanation:

They aren't the same shape. If they were the answer would be 49, but that doesn't make sense.

They are not similar

Explanation: I did this

Question 1.

what equation is graphed in this figure?

A. y-4= -1/3(x+2)

B. y-3=1/3(x+1)

C. y+2=-3(x-1)

D. y-5=3(x-1)

Question 2.

a line has a slope of 3 and goes through the point (6,-5) what is the equation of this line in standard form?

A. -3x+ y=-13

B. -3x + y=21

C. 3x+ y= 13

D. -3x y= -23

Question 3.

a line passes through the points (-4,-9) and (-2,-6) what is the equation of the line in slope- intercept form?

A. y=2/3x +3

B. y=3/2x-3

C. y=2/3x -3

D. y=2/3x+3 ​

Answers

Answer:

whats the choice dudududududeudeudeududueduedudeuduededeudeudueduedeudeud ededeededede

Step-by-step explanation:

what is the choices !$.$.$&.

8^x = 2 write down the value of x

Answers

8^x = 2
8 is 2 cubed
So
2^3^x = 2
2^3x = 2
3x = 1
x = 1/3

The required simplified value of the given expression is x = 1/3.

What is simplification?

The process in mathematics to operate and interpret the function to make the function or expression simple or more understandable is called simplifying and the process is called simplification.

Here,
Given expression is an exponential expression,
Though,
8ˣ = 2
Taking logs on both sides,
xlog8 = log 2
x = log2/log8
x = log2/3log2
x = 1/3

Thus, the required simplified value of the given expression is x = 1/3.

Learn more about simplification here: https://brainly.com/question/12501526

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Highlight the NOUNS in the following sentence:Many kids like Playstation over XBox. You and your friend each purchase an equal number n of magazines. Your magazines cost $1.50 each and your friend's magazines cost $2 each. The total cost for you and your friend is $10.50. Write and solve an equation to find the number of magazines you purchased. estimate 1/4 times 21 There are several ways to produce the amino acids that build a protein. What does this mean? Juliet wants to read more this year. So far, she has read two books for a total of 730 pages. Juliet's goal is to read 25 pages each day for the rest of the school year. Let x represent the number of days that she has followed her plan, and let y represent the total number of pages read.Which of the following linear equations can Juliet use to model her plan and calculate the total number of pages read?y=25730xy is equal to 25 minus 730 xy=73025xy is equal to 730 minus 25 xy=25+730xy is equal to 25 plus 730 xy=730+25x PLEASE HELP!!! ILL GIVE BRANLIEST *EXTRA POINTS* dont skip :(( Can someone please help me I really need help Does your system use some type ofhemostatic agent? Why or why not? What creates a sense of flow and rhythm in the poem?What image comes to mind as you listen to/read the poem?What conclusion can you draw about the poem from the things she has described?Plz welp Group the elements into pairs that would most likely exhibit similar chemical properties. It does not matter which pair of elements is pair 1, pair 2, or pair 3, so long as the correct elements are paired. elements are N, As, Br, Mg, Sr, F d)) The ratio of the monthly income and expenditure of Sunayana is 5 : 3. If sheincreases her income by Rs 5,000 and decreases the expenditure by Rs 3,000, thenew ratio becomes 5:2. Find her income and expenditure. Use the distributive property to write an equivalent expression -3(-5x+7) PLS HURRY!!!!!!!! The members of set A are the integer solutions of the inequality 2x511 and the members of set B are the integer solutions of the inequality 2x+79. What is one member of the intersection of A and B? . Which of the following is NOT a requirement for medical school?. Clinical experienceCompleted medical school applicationA bachelor's degreeThirty hours of residency What is the slope of the line that passes through the points (-3,3) and(-3, 13)? Write your answer in simplest form. Which set of graphs can be used to find the solution set to 3 log2(x + 4) < 6?It's D Which country called the US on our inability to convert US dollars into gold at $35 an ounce?A. GermanyB. BritainC. ChinaD. France MaterialAppearance of the material,including its color and statebaking sodabaking powderSaltsugarflourvinegarcooking oil ( -6)^0 solve this problem Simplify the expression (6^4)^2.What is the simplified form of this expression?