Two bonds are available on the market as follows: Bond 1: Face value $250, 5 years to maturity at a (simple) interest rate of 5%
1 answer:
You might be interested in
Answer:
Altogether Gavin and Jim won £95.
Step-by-step explanation:
We are given the following in the question:
Ratio of money won by Gavin and Jim = 5:2
Gavin gets £39 more than Jim.
Let x be the amount of money Won by Jim.
Then, money won by Gavin =
Thus, we can write the equation:
Solving, we get,
Thus, Gavin won £65 and Jim won £26.
Money won altogether =
Thus, altogether Gavin and Jim won £95.
Answer : Direct Variation
Question :
Identify the variation as direct, inverse, joint or combined. A =
We know direct variation is y = kx
Where k is the constant of proportionality
When value of x increases then y also increases. when x value decreases then y value decreases.
The value of y depends on value of x It means y is directly proportional to x.
Hence A = is a direct variation.