Atiara would like to invest her bonus pay of $1200 into two types of savings accounts in such a way that she earns at least $60 interest the first year.
One investment pays 3% simple interest per year and the other pays 8% simple interest per year. Identify the correct feasible region for the two ways that Atiara can invest her money by selecting the correct graph below. Let x represent the amount invested at 3% and y be the amount invested at 8%.
2007-01-09 04:13:17 · 1 answers · asked by cassy w 1 in Education & Reference ➔ Homework Help
Atiara has to invest at least $700 in the 8% account. Any less than this will yield her less than $60 in total interest. So y will have to be at least $700. x can be no more than $500. More invested in y will yield interest of higher than $60. Pick whichever graph has these characteristics.
2007-01-09 04:30:44 · answer #1 · answered by theeconomicsguy 5 · 1⤊ 0⤋