Answer:
"Cost would be between $51.41 and $54.59"
Step-by-step explanation:
3% margin of error means that the cost can be
First we need to find 3% of $53 and then we will "add" and "subtract" from $53 to get the range of values of cost.
To get 3% of $53, we need to convert the percentage to decimal and multiply with $53. To get percentage to decimal, we divide by 100, so we have:
3/100 = 0.03
Now,
0.03 * 53 = $1.59
The range would be:
$53 + $1.59 = $54.59
and
$53 - $1.59 = $51.41
Cost would be between $51.41 and $54.59
8/21
6/19
9/10
10/22
invested in each bond?
Answer: 4%-16000 and 9.5%-30000
Why:
1) x+y=46000
x=46000-y
2) 4%x+9,5%y=3490;
4x + 9.5y=349000; so 4*(46000-y)+9.5y=349000;
5.5y=165000
y=30000
x=46000-30000=16000