Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Melissa is planning to invest a total of $18,000 in two accounts. If she invests $10,000 in a CD paying 4.2% annual simple interest, at

  1. Melissa is planning to invest a total of $18,000 in two accounts. If she invests $10,000 in a CD paying 4.2% annual simple interest, at what rate does the remainder of her money need to be invested so that the two investments together yield at least $740 in yearly simple interest? (Define your unknowns, set up and solve an inequality to answer this question).

2. A store advertises that you can take 30% off the purchase of any item in the store. If you pay $61.60 (disregarding tax) on an item, what was the original price? (Define your unknowns, set up and solve an equation to answer this question).

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Modeling the Dynamics of Life Calculus and Probability for Life Scientists

Authors: Frederick R. Adler

3rd edition

840064187, 978-1285225975, 128522597X, 978-0840064189

More Books

Students also viewed these Mathematics questions