To calculate the total investment in a load fund, B.) MULTIPLY THE NUMBER OF SHARES BY THE OFFER PRICE.
Load fund is a mutual fund. The term "load" is used to refer to a fund with commission.
The commission is the difference of the net asset value and the offer price of the fund.
I am setting the week hourly rate to x, and the weekend to y. Here is how the equation is set up:
13x + 14y = $250.90
15x + 8y = $204.70
This is a system of equations, and we can solve it by multiplying the top equation by 4, and the bottom equation by -7. Now it equals:
52x + 56y = $1003.60
-105x - 56y = -$1432.90
Now we add these two equations together to get:
-53x = -$429.30 --> 53x = $429.30 --> (divide both sides by 53) x = 8.10. This is how much she makes per hour on a week day.
Now we can plug in our answer for x to find y. I am going to use the first equation, but you could use either.
$105.30 + 14y = $250.90. Subtract $105.30 from both sides --> 14y = $145.60 divide by 14 --> y = $10.40
Now we know that she makes $8.10 per hour on the week days, and $10.40 per hour on the weekends. Subtracting 8.1 from 10.4, we figure out that she makes $2.30 more per hour on the weekends than week days.
Answer:
xy= 302,400
Step-by-step explanation:
Answer:
x = -1.4
Step-by-step explanation:
-3(x + 4) = 2x - 5
-3x + (-3*4) = 2x - 5
The mistake was in the above equation where -3 should be multiplied with 4.
-3x -12 = 2x -5
5 -12 = 2x+3x
-7 = 5x
x = -7/5 = - 1.4
