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frozen [14]
3 years ago
9

Lou Harris is guaranteed a minimum $275 weekly salary plus 5.25% of his total sales. What were his total sales for a week in whi

ch his gross pay was $700?
Mathematics
1 answer:
Aleks [24]3 years ago
7 0
His total sales were 402.68 dollars. 700 minus 275 minus 22.31
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Let the amount invested with 5% interest be x

Therefore, the amount invested with 6% interest will be (6000-x)

It is given that the total interest earned yearly is $337.5. Thus, the equation of interest will be:

\frac{5}{100}x+\frac{6}{100}(6000-x)=337.5

Multiplying both sides by 100 we get:

5x+6(6000-x)=33750

5x+36000-6x=33750

Subtracting both sides by 36000 we get:

-x=-2250

\therefore x=2250

Thus, the amount invested at 5% is $2250

Therefore, the amount invested at 6% will be $(6000-2250)=$3750

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