A financial planner has a client with 16000​$ to invest. If he invests​ $10,000 in a certificate of deposit paying ​12% annual simple​ interest, at what rate does the remainder of the money need to be invested so that the two investments together yield at least $1620 in yearly​ interest?

Answers

Answer 1

As per the Simple interest concept, at 7% of rate the remainder of the money need to be invested so that the two investments together yield at least $1620 in yearly​ interest.

Simple interest.

Simple interest is calculated by multiplying the daily interest rate by the principal by the number of days that elapse between payments.

Given,

A financial planner has a client with 16000​$ to invest.

Here we need to calculate the rate does the remainder of the money need to be invested so that the two investments together yield at least $1620 in yearly​ interest when he invests $10,000 with the annual simple interest 12%.

Let us consider R represents the rate that remainder of money needs to be invested

Here we know that, $10,000 is invested at 12%

So, according to the formula the interest at 12% is evaluated as,

=> $10,000 * 0.12 * 1 = $1200

And the remaining $6000 is invested at R%

Then the interest at R%=$6000 * R * 1 = $6000R

Now we need to find that the two investments together need to yield at least $1620, so our equation to solve is:

$1620 = $1200 + $6000R

Now, we have to subtract $1200 from both sides, then we get,

$1620 - $1200=$6000R

Then collect similar terms

$420=$6000R

Now, divide both sides by $6000

R=0.07 or 7%

Therefore, the answer is 7%.

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Related Questions

Eleanor and Max used two rectangular pieces of plywood, placed end-to-end, to make a long rectangular stage for the school play. One board was 6 feet long, and the other was 5
1
2
feet long. The two pieces of plywood had equal widths. The total area of the stage was 66
1
8
square feet. What was the width of the plywood?

Answers

The width of the plywood = 23/8 ft

The two rectangular pieces of plywood had equal widths.

The length of first rectangular piece = 6 ft

The length of second rectangular piece = 5 1/2 ft = 11/2 ft

The two pieces are joined to make a single rectangular stage.

Then the total length of the stage = 6 + 11/2 = 23/2 ft

Now area of the rectangular stage = 66 1/8 = 529/8 square feet.

⇒ length x width = 529/8

⇒ 23/2 x width = 529/8

width = 529/8 x 2/23 = 23/4 ft

Let 'x' be the width of a rectangular plywood.

Then 2x = width of the stage

⇒ 2x = 23/4

⇒ x = 23/8 ft

Hence width of the plywood = 23/8 ft

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prove that: [tex](a+b)^-^1.(a^-^1 +b^-^1) = (ab)^-^1[/tex]

Answers

Answer:

See below

Step-by-step explanation:

[tex]\frac{1}{a+b}[/tex] ([tex]\frac{1}{a}[/tex] + [tex]\frac{1}{b}[/tex])

[tex]\frac{1}{a+b}[/tex] ([tex]\frac{b}{ab}[/tex] + [tex]\frac{a}{ab}[/tex])

[tex]\frac{1}{a+b}[/tex] ([tex]\frac{b+a}{ab}[/tex])

[tex]\frac{(a+b)}{(a+b)(ab)}[/tex]

[tex]\frac{1}{ab}[/tex]

[tex]ab^{-1}[/tex]

One-Step Inequalities MC) Solve k over negative 3.7 is less than or equal to negative 2.2 for k. k ≥ 8.14 k ≤ −8.14 k ≥ −5.9 k ≤ −5.9

Answers

Answer: k>8.14

Step-by-step explanation: just do math.

Simplify the expressions:
a. (7x²+ 2) + (2x² +3) =
b. (5x + 2) + (8x +3) =
c. (5x)(8x +3) =

Answers

Answer:

a. (7x²+2) + (2x²+3)

= 9x² + 5

b. (5x + 2) + (8x + 3)

= 13x +5

c. (5x)(8x + 3)

= 40x² + 15x

3x³+28=220 thanks for the help!

Answers

the answer to tuis problem is x=4.

Mr. Helmer had a wooden board 85 inches long. He cut off a piece 9 inches long. How long was the board after the cut?

Answers

Answer:  76           Mr Helmer had 76 inches left.

Step-by-step explanation:  All you do is you subtract 9 from 85.

Or 85-9=X

Find WI if IE = 3
EW and YG are medians of XYW

Answers

Based on the definition of the median and applying the centroid theorem, the length of WI is calculated as: 6 units.

What is the Median of a Triangle?

The line that joins the vertex of a triangle to the midpoint of the side it is directly opposite is called the median of a triangle.

Medians intersect each other at a point inside the triangle that is called the centroid. Based on the centroid theorem, since J is the centroid of triangle XYW, then:

the length of IE is one-third of the length of segment EW (referring to the image given in the question that shows triangle XYW)

Thus, we have the equation that relates the length of the segments as shown below:

IE = 1/3(EW)

Given that:

IE = 3 units

Substitute the value of IE into the equation:

3 = 1/3(EW)

3(3) = EW

9 = EW

EW = 9 units

Therefore:

Length of WI = the length of EW - the length of IE

Substitute

Length of WI = 9 - 3

Length of WI = 6 units.

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in the first week of July, a record 1,020 people went to the local swimming pool. In the second week, 100 fewer
people went to the pool than in the first week. In the third week, 135 more people went to the pool than in the second week.
In the fourth week, 137 fewer people went to the pool than in the third week. What is the percent decrease in the number of
people who went to the pool over these four weeks?

Answers

With the concepts of percentages and calculations, the percent decrease in the number of people who went to the pool over these four weeks is 10%

What is the way to solve percentages?

Take the base as 100 and convert the percentage to numbers and then proceed with the same.

Now, the initial number of people in the local swimming pool is 1020, after which 100 fewer went, hence 920 people

Now, 135 people more people need to be added, thus 1055 people.

Now, 137 fewer people went, so 918 people went to the pool in the four weeks.

Therefore percent decrease = Difference/No. of people in the first week * 100

Thus, the percent decrease =  102/1020*100=10%

Hence 10% of people went less in the fourth week as compared to the first week.

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4. Write a quadratic function given the roots (3, 0) and (-1, 0)
and the point (4, 10).

Answers

character character character

what is the rewritten answer to solve for the variable? solve 4x-2y=14 for y

Answers

Answer:
y=-7+2x
Explain:
Move ‘y’to the left
-2y=14+5x
Divide by -2
-2y=14+4x/-2
y=-7+2x



True or False
Corresponding angles must be proportional.
O True
O False

Answers

True :)))))))))))))))

Answer:

True

Step-by-step explanation:

Matching sides of two or more polygons are titled corresponding sides,and matching angles are titled corresponding angles . If two figures are lookalike,then the measures of the corresponding angles are similar and the ratios of the lengths of the corresponding sides are proportional .

What is the slope of the line that passes through the points (3, -3)(3,−3) and (18, -3)(18,−3)? Write your answer in simplest form.

Answers

Answer:

0 (its a straight line horizontal)

Step-by-step explanation:

-3+3=0

18-3=15

0/15 = 0

slope=0

In the figure shown at right, the area of the large rectangle is (5x)(8x+1) and the area of the small rectangle is (4x)(2x) which of the following expression represents the area of the shaded region?

Answers

Given:

Area of large rectangle = (8x + 1)(5x)

Area of small rectangle = (4x)(2x)

To find area of the shaded region, subtract the area of the small rectangle from the large rectangle.

We have:

Area of large rectangle =

[tex]\begin{gathered} (8x+1)(5x) \\ \\ =8x(5x)+1(5x) \\ \\ =40x^2+5x \end{gathered}[/tex]

Area of small rectangle =

[tex]\begin{gathered} (4x)(2x) \\ \\ =8x^2 \end{gathered}[/tex]

Area of shaded region =

[tex]\begin{gathered} (40x^2+5x)-(8x^2) \\ \\ 40x^2+5x-8x^2 \\ \\ \text{Combine like terms:} \\ 40x^2-8x^2+5x \\ \\ =32x^2+5x \end{gathered}[/tex]

Therefore, the area of the shaded region is = 32x² + 5x

ANSWER:

[tex]32x^{2}+5x[/tex]

the figure is a rectangular pyramid the base is rectangle abcd and the four faces abe bce cde and ade b=meet at the vertex e the edges are ab bc cd ad ae be ce and de the vertices are abce and e

Answers

Answer:

here you go I guess

Step-by-step explanation:

I need help with this for my class

Answers

I’m not 100% positive
but I believe that they relations are not functions because the line hits the graph at one or more spots.

Watch help video
Aisha went shopping for a new pair of sneakers. The listed price of the pair of
sneakers was $43, but the price with tax came to $44.29. Find the percent sales tax.

Answers

The percent sales tax of the purchase is 3 %.

How to find percent sales tax?

A sales tax is a consumption tax imposed by the government on the sale of goods and services.

She went shopping for a new pair of sneakers.

The listed price of the pair of sneakers was $43, but the price with tax came to $44.29.

Therefore, the percent sales tax can be found as follows:

sales tax = 44.29 - 43

sales tax = $1.29

Therefore,

percent sale tax = sale tax / cost with tax × 100

percent sale tax =  1.29 / 43 × 100

percent sale tax = 129 / 43

Therefore,

percent sale tax = 3%

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Drag each statement to show whether it is true, based on the graph.

Answers

The price per one pound of almonds equal $2.20/0.65 lb

0.65 pounds of almonds cost $2.20

Verify each case

case 1) The price per one pound of almonds equal $2.20/0.65 lb

The statement is true

To find the price per one pound calculate the unit rate

So,

$2.20/0.65 lb=$3.38 per one pound

case 2) 2.2 pounds of almonds cost $0.65

The statement is not True

The correct is 0.65 pounds of almonds cost $2.2

case 3) Each bag of almonds weighs 2.2 pounds

Cannot be determined

In the problem there is no information about how much each bag of almonds weighs

case 4) 0.65 pounds of almonds cost $2.20

The statement is True

The point (0.65,2.20) lie to the line of the the graph.

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pls help asap Noor’s family is meeting her grandparents at a restaurant. The restaurant is 24.5 miles from Noor’s house. This is 65.5% of the distance from Noor’s house to her grandparents’ house. What is the distance between the two houses? Round your answer to the nearest tenth of a mile.

Answers

The distance between Noor's house and her grandparent's house is 37.40 miles or if rounded off to the nearest tenth, it will be 40 miles using the estimation concept.

As per the question statement, Noor’s family is meeting her grandparents at a restaurant and the restaurant is 24.5 miles from Noor’s house but this is 65.5% of the distance from Noor’s house to her grandparents’ house.

We are supposed to find the distance between Noor's house and her grandparent's house. We will use the concept of estimation.

Distance between Noor's house and restaurant = 24.5 miles

Let distance between Noor's house and her grandparent's house be "x" miles.

So the distance between grandparent's house and restaurant = x - 24.5

Now it is given that 24.5 miles is 65.5% of the distance from Noor’s house to her grandparents’ house.

So, 65.5% of x = 24.5

(65.5*x)/100 = 24.5

65.5*x = 2450

x = 2450 / 65.5

x = 37.40 miles

If rounded off to the nearest tenth mile, we get

x = 40 miles.

So, the distance between Noor's house and her grandparent's house is 37.40 miles or if rounded off to the nearest tenth, it will be 40 miles.

Estimation: Having an approximate estimate of something's worth, number, size, or extent is referred to as estimation in mathematics.

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Which of the following statements is the best description of a survey?

A survey is a list of questions used to acquire customer feedback.
A survey is a study that collects data on every subject in sample.
A survey always collects categorical data.
A survey is a kind of convenience sample.

Answers

Answer:

I believe it's " a study that collects data on every subject in sample"

Examine graphs A and B. What do you notice about the difference between the Y axis for the good graph A and the Poot graph B? How is a break shown on the Y axis of graph A

Answers

Answer:

The well-desgined graph has an appropriate scale for the y-axis. By appropriate we mean that the scale is such that all points on the graph can be discerned easily. In other words, the scale is not too wide or too narrow.

For graph A, the scale is such that the data points are at such a distance from each other that their values can be easily read off. On the other hand, for graph B, there isn't enough vertical distance between the data points for them to be easily read.

Instructions: Determine whether the graph is a correct representation of the given inequality. If there is an error, select which error is present.

Answers

The given inequality is,

[tex]y\leq-\frac{5}{2}-4[/tex]

The graph of the inequality will be shown below

Mia made at least one mistake when
simplifying the expression below. The steps she took are shown.
Step 1:
Step 2:
Step 3:
In which step did Mia make her first mistake?
Choose one option from each drop-down menu to answer the questions
Mia made a mistake in Choose. She simplified the Choose
Choose
incorrectly She should have

Answers

Using properties of exponents, it is found that Mia's first mistake is described as follows:

Mia made a mistake in Step 3. She simplified the exponents 16 and -8 incorrectly. She should have subtracted them.

Which properties of exponents are used in this problem?

When two terms with the same base and different exponents are multiplied, we keep the base and add the exponents, as follows:

3^0 x 3^(16) = 3^(0 + 16) = 3^16.

Hence the Step 1 is correct.

For the power of power rule, we keep the base and multiply the exponents, hence:

(3^(-4))² = 3^(-4 x 2) = 3^(-8).

Hence the Step 2 is correct.

When two terms with the same base and different exponents are divided, we keep the base and subtract the exponents, as follows:

3^16/(3^(-8)) = 3^(16 - (-8)) = 3^(16 + 8) = 24.

Which is Mia's mistake, as she did not subtract the exponents.

What is the missing information?

The steps are missing and are given by the image at the end of the answer.

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A fair number cube with the numbers 1, 2, 3, 4, 5, and 6 is rolled
a. What is the probability of getting an even number?
b. What is the probability of getting a factor of 6?

Answers

The probability of getting an even number is 1/2 while the probability of getting a factor of 6 is 1/6

How to determine the probabilities?

The probability of an even number

From the question, the sample space of the number cube is given as

Space = 1, 2, 3, 4, 5, and 6

The above means that

Sample size, n = 6 ---- i.e. the number of observations

Number of even numbers, x = 3

The probability of getting an even number is then calculated as

P(Even) = Number of even numbers/Sample size

This gives

P(Even) = 3/6 = 1/2

The probability of a factor of 6

From the question, the sample space of the number cube is given as

Space = 1, 2, 3, 4, 5, and 6

The above means that

Sample size, n = 6 ---- i.e. the number of observations

Number of factor of 6, x = 1

The probability of getting a factor of 6 is then calculated as

P(factor) = Number of factor of 6/Sample size

This gives

P(factor) = 1/6

Hence, the probability is 1/2 and 1/6

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sk-00000y5 Cog 10) -7x+2y=18 6361-30 33 42952 read 10,000 13x+40%3D2Ax0 Swazo 7-12 - 1234-5y=1722119 ターにはまった Ax - Ay=0 いりさわさったのにーちゃん 14) 42-y=20 Solve each system by elimination. 1S) 8x-6y%3D-20 ~16x+7y%3D30 y2-2142 りたい セー Crysoe Y=24 doe 24 -2x-2y= 10 JS-04-26 とおり 2012-2010 2010年10 プラス・マトリー 7 10分 16) 6x-12y = 24 yeye 一X-6y=4 Hey-400 SK-121024 ~42-30) 224.5メートル 60-124:24 カー123) 2012 ームが2012 1348

Answers

Given:

The linear equations are,

[tex]\begin{gathered} 20x-8y-22x-16=0 \\ -22x-18y=36 \end{gathered}[/tex]

The objective is to solve by elimination method.

The equations can be rearranged as,

[tex]\begin{gathered} -2x-8y=16\text{ ..}\ldots..\ldots\ldots(1) \\ -22x-18y=36\text{ ..}\ldots..\ldots\ldots(2) \end{gathered}[/tex]

To solve the equation, multiply equation (1) b

Two straight lengths of wire are placed on the ground, forming vertical angles. If the measure of one of the angles formed is 72degrees, what are the measures of the other three angles? Explain your answer. (15 points and brainliest)

Answers

72, 108, and 108 are the other three angles formed by the two straight lengths of wire.

What is termed as the  vertical angles?When two lines intersect, the two angles that really are opposite each other are referred to as vertical angles. Vertical angles are so named not because they are oriented vertically, but because they share a same vertex, this same point of intersection between the two lines.

For the given question.

Two straight lengths of wire are put on the ground, to form vertical angles.

Because vertical angles have always been congruent, 72 is the vertical angle to 72.

Because the line is straight, the answer is 180.

180 - 73 equal 108. (supplement angles)

Because they are both vertical angles, there are two 180s.

Thus, the three angles formed are 72, 180 and 180 degrees.

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3x-(2x+10) for x= 7 5/13

Answers

The result of the expression 3x-(2x+10) for x = [tex]7\frac{5}{13}[/tex] is -2.61

The expression is

3x-(2x+10)

The expression is the mathematical sentence with a minimum of two variables and at least one math operation.

The value of the x = [tex]7\frac{5}{13}[/tex]

Convert the mixed fraction to the simple fraction

[tex]7\frac{5}{13}[/tex] = 96/13

Convert the simple fraction to the decimal form

96/13 = 7.39

Substitute the value of x in the given expression 3x - (2x + 10)

= 3 × 7.39 - (2×7.39 + 10)

Multiply the terms first

= 22.17 - (14.78 + 10)

= 22.17 - (24.78)

= -2.61

Hence, the result of the expression 3x-(2x+10) for x = [tex]7\frac{5}{13}[/tex] is -2.61

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What is an equation of a line, in point-slope form, that passes through (1, - 7) and has a slope of -2/3?

Answers

Answer:

A

Step-by-step explanation:


[tex]please \: help \: me \: i \: keep \: getting \: the \: wrong \: am \\ answer[/tex]




2. The populations of five cities in California are listed below. What is the combined population of San Diego and Fresno?

City | Population
______________________
Los Angeles | 3,928,864
______________________
San Diego. | 1,381,069
______________________
San Jose | 1,015,785
______________________
San Francisco| 852,469
______________________
Fresno | 515,986​

Answers

Answer:

1,897,055

Step-by-step explanation:

1,381,069+515,986​=1,897,055

PLEASE PLEASE HELP!!!

Answers

90.84

If you are trying to find x, you would want to do tangent of 26 (trigonometry). You would get 26tan17 which equals roughly 90.84. Hope this helps.

Terry bought 2 shirts for $14 each, 2 pair of socks for $2.99 a pair, and a pair of slacksfor $25.00. The sales tax rate is 6.5%. How much did he pay? (Enter the dollar amountonly. Round to the nearest cent.)

Answers

Answer:

Explanation:

Terry bought 2 shirts for $14 each.

That is $28 on shirts

2 pair of socks for $2.99

That is $5.98 on socks

A pair of slacks for $25

The sales tax rate is 6.5% or 6.5/100 or 0.065

We want to know how much he paid.

Adding all the items he bought together, we have:

$28 + $5.98 + $25

= $58.98

Next, we apply the sales tax rate.

Take 6.5% of $58.98

This is: $58.98 * 0.065

= $3.83

Finally, add the sales tax with the amount we got

$58.98 + $3.83

= $62.81

He paid $62.81 in total

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