Set Up an Equation That Can Be Used to Solve

question 23

Multiple Choice

Set up an equation that can be used to solve the problem. Solve the equation and answer the question asked.
-You inherit $70,000 from a very wealthy grandparent, with the stipulation that for the first year, the money must be invested in two stocks paying 4% and 10% annual interest, respectively. How much should be invested
At each rate if the total interest earned for the year is to be $4000?

• A) $40,000 invested at 4%; $30,000 invested at 10%
• B) $50,000 invested at 4%; $20,000 invested at 10%
• C) $20,000 invested at 4%; $50,000 invested at 10%
• D) $30,000 invested at 4%; $40,000 invested at 10%

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Definitions:

Sequence of Jobs

The order in which a set of tasks or jobs is processed or executed in a production or computing environment.

Gantt Schedule Chart

A type of bar chart that illustrates a project schedule, showing the start and finish dates of the various components and elements of a project.

Monitoring Jobs

Involves the continuous observation and tracking of job progress and performance to ensure that it aligns with planned objectives and schedules.

Process Aid

denotes tools, materials, or information used to support and streamline operational processes, enhancing efficiency and effectiveness in production or administrative tasks.