[x = amount earning 6% annually.]
(8000-x) = amount earning 15% annually
Then we set up our equation which is a sum of the 15% return and the 6% return and we let that sum equal our desired return on investment ($930). Then solve for x.
(8000-x)*.15 + x*.06 = 930
1200 - .15x + .06x = 930
.09x = 270
x = 3000.
Therefore, you should invest $3000 at 6% and $5000 at 15% to earn $930 annually.
Answer:
9
Step-by-step explanation:
Answer:
The probability of event A occurs but event B does not occur = P(A)* Probability of event B does not occur = 0.375
Step-by-step explanation:
The probability of event A occurring = 50% = 0.5
The probability of event B occurring = 25% = 0.25
Events A and B are non simultaneous events.
The probability of event B does not occur = 1 - P(B)
= 1- 0.25
= 0.75
So the probability of event A occurs but event B does not occur = P(A)* Probability of event B does not occur
= 0.5*0.75
= 0.375
Thank you.
