Answered

Westonci.ca is your trusted source for finding answers to all your questions. Ask, explore, and learn with our expert community. Join our Q&A platform and connect with professionals ready to provide precise answers to your questions in various areas. Get detailed and accurate answers to your questions from a dedicated community of experts on our Q&A platform.

Alice invests $8000 in two certificates of deposit; the interest on the first certificate is 2%, and the interest on the second is 3%. Let's denote the amount she invests in the first certificate by x. Then the amount she invests in the second certificate is _________  . The interest she receives on the first certificate is __________ , and the interest she receives on the second certificate is ______________ . So a function that models the total interest she receives from both certificates is y =___________ .

Sagot :

MichaelLiu
1. 8000-x (You invest x in the first, then you have 8000-x more to make up for)
2. 0.02x (Interest * how much you invested)
3. 0.03(8000-x) (Interest * how much you invested)
4. 0.02x+240-0.03x
=240-0.01x
Thank you for choosing our service. We're dedicated to providing the best answers for all your questions. Visit us again. We hope you found what you were looking for. Feel free to revisit us for more answers and updated information. Stay curious and keep coming back to Westonci.ca for answers to all your burning questions.