Solved

Find the System of Equations to Model the Problem

Question 50

Multiple Choice

Find the system of equations to model the problem. DO NOT SOLVE THIS SYSTEM:
-A $124,000 trust is to be invested in bonds paying 9%, CDs paying 8%, and mortgages paying 10%. The sum of the amount invested in bonds and the amount invested in CDs must equal the mortgage investment. To earn an $11,400 annual income from the investments, how much should the bank invest in each?Let x represent the amount invested in bonds, y the amount invested in CDs, and z the amount invested in mortgages.


A) Find the system of equations to model the problem. DO NOT SOLVE THIS SYSTEM: -A $124,000 trust is to be invested in bonds paying 9%, CDs paying 8%, and mortgages paying 10%. The sum of the amount invested in bonds and the amount invested in CDs must equal the mortgage investment. To earn an $11,400 annual income from the investments, how much should the bank invest in each?Let x represent the amount invested in bonds, y the amount invested in CDs, and z the amount invested in mortgages. A) B) C) D)
B) Find the system of equations to model the problem. DO NOT SOLVE THIS SYSTEM: -A $124,000 trust is to be invested in bonds paying 9%, CDs paying 8%, and mortgages paying 10%. The sum of the amount invested in bonds and the amount invested in CDs must equal the mortgage investment. To earn an $11,400 annual income from the investments, how much should the bank invest in each?Let x represent the amount invested in bonds, y the amount invested in CDs, and z the amount invested in mortgages. A) B) C) D)
C) Find the system of equations to model the problem. DO NOT SOLVE THIS SYSTEM: -A $124,000 trust is to be invested in bonds paying 9%, CDs paying 8%, and mortgages paying 10%. The sum of the amount invested in bonds and the amount invested in CDs must equal the mortgage investment. To earn an $11,400 annual income from the investments, how much should the bank invest in each?Let x represent the amount invested in bonds, y the amount invested in CDs, and z the amount invested in mortgages. A) B) C) D)
D) Find the system of equations to model the problem. DO NOT SOLVE THIS SYSTEM: -A $124,000 trust is to be invested in bonds paying 9%, CDs paying 8%, and mortgages paying 10%. The sum of the amount invested in bonds and the amount invested in CDs must equal the mortgage investment. To earn an $11,400 annual income from the investments, how much should the bank invest in each?Let x represent the amount invested in bonds, y the amount invested in CDs, and z the amount invested in mortgages. A) B) C) D)

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q45: Solve using Gauss-Jordan elimination:
-Solve using</p></div><svg width=

Q46: Solve using Gauss-Jordan elimination:
-Solve using</p></div><svg width=

Q47: Solve using Gauss-Jordan elimination:
-Solve using</p></div><svg width=

Q48: Find the system of equations to model

Q49: Find the system of equations to model

Q51: If $9,000 is to be invested, part

Q52: Labor and material costs for manufacturing each

Q53: A paper company produces high, medium, and

Q54: Perform the operation, if possible:
-Perform</p></div><svg width=

Q55: Perform the operation, if possible:
-Perform</p></div><svg width=

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents