Describe the situation with a linear inequality and then solve the inequality.David has $13,000 to invest. He invests $8000 in a mutual fund that pays 12% annual simple interest. If he wants to make at least $2200 in yearly interest, at what minimum rate does the remainder of the money need to be invested?
A. 22.8%
B. 24.8%
C. 26.8%
D. 23.8%
Answer: B
Mathematics
You might also like to view...
Use a calculator to approximate to three decimal places.
A. 1.360 B. 1 C. 1.332 D. 1.345
Mathematics
Simplify.
A. 8 B. 128 C. 64 D. 4
Mathematics
Use the given information to find the exact value of the trigonometric function.sec ? = - ; The terminal side of ? lies in Quadrant II.
Find sin
.
A. -
B.
C. -
D.
Mathematics
Solve the logarithmic equation symbolically.log 6x = 8.7
A. x = 108.7/6
B. x = 522
C. x = 102.7
D. x =
Mathematics