Solve the problem.
-A $112,000 trust is to be invested in bonds paying 8%, CDs paying 6%, and mortgages paying 9%. The bond and CD investment must equal the mortgage investment. To earn an $8760 annual income from the investments,
How much should the bank invest in bonds?
A) $16,000
B) $18,000
C) $38,000
D) $56,000
Correct Answer:
Verified
Q155: Solve the system using the inverse of
Q156: Use a graphing calculator to solve the
Q157: Find the inverse of the matrix, if
Q158: Solve the system using the inverse of
Q159: Solve the system using the inverse of
Q161: Find the determinant of the given matrix.
-
Q162: Use Cramer's rule to solve the system.
-3x
Q163: Determine whether the matrix is invertible by
Q164: Find the determinant of the given matrix.
-
Q165: Solve the problem using two linear equations
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents