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The given amount of annual interest is earned from a total of $12,000 invested in two funds paying simple interest. Write and solve a system of equations to find the amount invested at each given rate. Rate 2 Annual Interest $740 Rate 1 4% 8% invested at 4% $ invested at 8% $

The given amount of annual interest is earned from a total of $12,000 invested in two funds paying simple interest. Write and solve a system of equations to find the amount invested at each given rate. Rate 2 Annual Interest $740 Rate 1 4% 8% invested at 4% $ invested at 8% $

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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The given amount of annual interest is earned from a total of $12,000 invested in two funds paying simple interest. Write and solve a system of equations to find the amount invested at each given rate. Annual Interest Rate 1 4% Rate 2 8% $740 invested at 4% $ invested at 8% Use the equations for the total cost C and total revenue R to find the number x of units a company must sell to break even. (Round to the nearest whole unit.) C = 8750x + 270,000, R = 9857x units A company invests $13,000 to produce a product that will sell for $53.60. Each unit costs $9.15 to produce. (Round your answers to the nearest whole number.) (a) How many units must the company sell to break even? units (b) How many units must the company sell to make a profit of $100,000? units
Transcribed Image Text:The given amount of annual interest is earned from a total of $12,000 invested in two funds paying simple interest. Write and solve a system of equations to find the amount invested at each given rate. Annual Interest Rate 1 4% Rate 2 8% $740 invested at 4% $ invested at 8% Use the equations for the total cost C and total revenue R to find the number x of units a company must sell to break even. (Round to the nearest whole unit.) C = 8750x + 270,000, R = 9857x units A company invests $13,000 to produce a product that will sell for $53.60. Each unit costs $9.15 to produce. (Round your answers to the nearest whole number.) (a) How many units must the company sell to break even? units (b) How many units must the company sell to make a profit of $100,000? units
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