Answer:
One pair of socks is $370.
Step-by-step explanation:
Sean bought <em>three pairs</em> of the same socks and a shoe polish for $1450. If the
polish cost $340, how much is the cost of <em>one pair</em> of socks.
6x - 340 = 1450
6x = 1450 -340
6x = 1110
2x = 1110 / 3
2x = 370
Answer:
$3000.
Step-by-step explanation:
Suppose the amount invested at 7% is $X and the amount invested at 10% is $Y (assuming that the college student invested all his/her income on the two schemes). Therefore:
X + Y = 8200 (The sum of investments is basically the total income).
0.07X + 0.1Y = 664 (The sum of the interest received from the invested amounts is actually the total return).
Now solving these 2 simultaneous equations:
x + y = 8200 (Equation 1)
7x + 10y = 66400 (Equation 2)
From (Equation 1):
x = 8200 - y (Equation 3)
Put (Equation 3) in (Equation 2):
7(8200 - y) + 10y = 66400.
57400 - 7y + 10y = 66400.
3y = 9000
y = 3000.
$Y is the amount invested at 10%, therefore the final answer is $3000!!!
