Concept explainers
(a)
To find: The invested money.
(a)
Answer to Problem 60AYU
The invested money is 60000 and 90000
Explanation of Solution
Given,
AA bonds yielding 10% per annum and bank certificate yielding 5%
Calculation:
Let x and y are the investments.
According to the question, the equation is,
Multiply the above equations by -0.1
Now, solve above equation we get,
Thus, the invested money is 60000 and 90000.
(b)
To find: The reallocated invested money.
(b)
Answer to Problem 60AYU
The reallocated invested money is 20000 and 130000
Explanation of Solution
Given,
AA bonds yielding 10% per annum and bank certificate yielding 5%
Calculation:
Let x and y are the investments.
According to the question, the equation is,
Multiply the above equations by -0.1
Now, solve above equation we get,
Thus, the reallocated invested money is 20000 and 130000
Chapter 11 Solutions
Precalculus
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