Answered: I have $5000 to invest, and I want to…

Algebra: Structure And Method, Book 1

(REV)00th Edition

ISBN:9780395977224

Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole

Publisher:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole

Chapter1: Introduction To Algebra

Section1.6: Translating Problems Into Equations

Problem 12MRE

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Similar questions

The symbol |x| stands for the _________ of the number x . If x is not 0, then the sign of |x| is always_________.
Last year, at Haven's Pond Car Dealership, for a particular model of BMW, Jeep, and Toyota, one could purchase all three cars for a total of $140,000. This year, due to inflation, the same cars would cost $151,830. The cost of the BMW increased by 8%, the Jeep by 5%, and the Toyota by 12%. If the price of last year's Jeep was $7,000 less than the price of last year's BMW, what was the price of each of the three cars last year?
Kenneth currently sells suits for company A at a salary of $22,000 plus a $10 commission for each suit sold. Company B offers him a position with a salary of $28,000 plus a $4 commission for each suit sold. How many suits would Kenneth need to sell for the options to be equal?

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I have $5000 to invest, and I want to choose between one investment at 4.75% and a second investment at 12.5%. If I invest x dollars in the first investment at 4.75%, select the expression that tells me how much interest I will accrue in 1 year from these two investments?