Answer:
$1,200
Step-by-step explanation:
Let x be the amount of money deposited in the mutual fund. The interest earned by that investment can be determined as the amount deposited times the interest rate:
The value the second deposited can be determined as x+$2,400 and its interest earned is defined in the same manner as the first deposit's:
The total interest on both investment equals the sum of both interests:
$1,200 were invested in the mutual fund.
Based on the exchange rate, at the end of the trade, Lewis will have 31 puppets and 2 puzzles left over while Geppeto will have 158 puzzles and 4 puppets left over.
<h3>What is the exchange rate of puzzles for puppets?</h3>The exchange rate of puzzles for puppets is 3 to 1.
Geppeto has 20 puppets to exchange for puzzles.
Lewis has 50 puzzles to exchange for puppets.
Number of times Lewis can exchange puzzles for puppets = 50/3 = 16 times.
Lewis will get 16 puppets in exchange for 48 puzzles.
Therefore;
Lewis will have 16 + 25 puppets = 31 puppets and 2 puzzles left over
Geppeto will have 48 + 100 puzzles = 158 puzzles and 4 puppets left over.
in conclusion, the exchange rate determines the how many puzzles and puppets will each one have after they complete their trade.
Learn more about exchange rate at: brainly.com/question/2202418
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