Chris received $50,000 from his grandparents as a graduation gift. So, he has decided to invest the money to pay his living cost at a college, which is $3,000 a year. There are two options: a bond that pays 12% and
a CD that pays 5%. How much should he invest in the bond? [Please round your answer to 2 decimal places.]

$7142.86

Step-by-step explanation:

Let the amount to be invested in the bond be represented by y.

Based on this, the amount to be invested in the CD will be: = 50000 - y.

From the information given, yearly interest on bond is 12%, this will be:

= 12% × y = 0.12 × y = 0.12y

Also, interest on CD will be:

= 5% × (50000 - y)

= 0.05(50000 - y)

Then, the equation to get the amount to be invested in bond will be:

0.12y + 0.05(50000 - y) = 3000

0.12y + 2500 - 0.05y = 3000

0.12y - 0.05y = 3000 - 2500

0.07y = 500

y = 500/0.07

y = 7142.8571

y = 7142.86

The amount to be invested in bond will be $7142.86

the correct answer is b) histograms can be used to exhibit the shape of distributions. this is because histograms count the frequency of each possible answer, so one is able to see which results are more common and which are less common.

what graph

step-by-step explanation: