Let x be the amount of money, you fund in Fund A and y be the amount of mone yyou fund in Fund B.
1. You have 250,000 In an IRA at the time you retire and want to invest this money into Funds A and B, then
2. Fund A pays 1.2% (as a decimal 1.2% is 0.012) annually, then is annual interest income in Fund A.
Fund B pays 6.2% (as a decimal 6.2% is 0.062) annually, then is annual interest income in Fund B.
Since Fund A and Fund B produce an annual interest income of $8,000, then
3. Solve the system of equations:
Express x from first equation and substitute it into the second equation
Multiply this equation by 1000:
Then
Answer: you have to fund $150,000 in Fund A and $100,000 in Fund B.
Ft2 (squared) hope it helps
Answer:
625000
Step-by-step explanation:
x+12%= 700000
x*1.12=700000
x=700000/1.12
x=625000
Answer:
$2.25
Step-by-step explanation:
First, we (always) highlight key details. In this case, we would highlight that th candy is 90 cents per pound, and the she bought 2.5 pounds. Now, we just multiply 2.5 by .90, and boom! We get $2.25. Mrs. Nixon spent $2.25 (or two dollars and twenty-five cents) on candy bars.
if there's 1 boy to every 4 girls, there's going to be 5 boys for every 20 girls