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Finance To expand its clothing line, a small corporation borrowed
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- Practise Solve each problem. Investment Jeffrey invested 16,000 in two accounts paying 4 and 6 annual interest. If the total interest earned in one year was 815, how much did he invest at each rate?arrow_forwardAPPLICATIONS AgricultureA farmer has 1200 acres of land on which he grows corn, wheat, and soybeans. It costs 45 per acre to grow corn, 60 to grow wheat, and 50 to grow soybeans. Because of market demand, the farmer will grow twice as many acres of wheat as of corn. He has allocated 63,750 for the cost of growing his crops. How many acres of each crop should he plant.arrow_forwardFinancial Planning Mark has $100,000 to invest. His Financial consultant advises him to diversify his investment in three types of bonds: short-term, Intermediate-term, and long-term. The short-term bonds pay 4%, the intermediate term bonds pay 5%, and the long-term bonds pay 6% simple interest per year. Mark wishes to realize a total annual income of 5.1 % with equal amounts invested in short - and intermediate-term bonds. How much should he invest in each type of bond?arrow_forward
- Mixing Feed A milling company wants to mix alfalfa which contain 20 protein, and wheat mids,38 which contains 15 protein, to make cattle feed. a. If you make a mixture of 30 pounds of alfalfa and 40 pounds of wheat mids, how many pounds of protein are in the mixture Hint: In the 30 pounds of alfalfa, there are 300.2=6 pounds of protein. b. Write a formula that gives the amount of protein in a mixture of a pounds of alfalfa and w pounds of wheat mids. c. Suppose the milling company wants to make 1000 pounds of cattle feed that contains 17 protein. How many pounds of alfalfa and how many pounds of wheat mids must be used?arrow_forwardAPPLICATIONS Mixture Problem A bottle contains 750mL of fruit punch with a concentration of 50 pure fruit juice. Jill drinks 100 mL of the punch and then refills the bottle with an equal amount of a cheaper brand of punch. If the concentration of juice in the bottle is now reduced to 48, what was the concentration in the punch that Jill added?arrow_forward
- Algebra and Trigonometry (MindTap Course List)AlgebraISBN:9781305071742Author:James Stewart, Lothar Redlin, Saleem WatsonPublisher:Cengage LearningCollege AlgebraAlgebraISBN:9781305115545Author:James Stewart, Lothar Redlin, Saleem WatsonPublisher:Cengage Learning
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