What is the best ice cream ever?
2 answers:
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Answer:
Ans. The amount invested at 13% was $1,595.97 and $14,685.03 were invested at 15%
Explanation:
Hi, you can solve this by using 2 equations, so let X be the portion of the money invested at 15% and Y be the amount invested at 13%. So the equation for the whole amount is:
Now, the problem says that the money that you earn by investing at 15% exceeds the money received as interest in your investment of 13% by $1,995.27, this leads us to the second equation.
Now, to make it a little more friendly, we just have to go ahead and divide everything by 0.15, so we get.
Now, in our first equation, we substitute X fo 0.8867(Y)+13,301.8 and we will see this.
Now, we solve for Y
So the money invested at 13% was $1,595.97 therefore, the money invested at 15% was $16,281 - $1,595.97 = $14,685.03
And we can check this results like this. The money invested at 15% will return an amount of:
And the money invested at 13% will return
Substracting, we would found that the difference is:
Best of luck.
Answer: $360 billion
Explanation:
In a private closed economy, there will be two components missing which are Government spending and Net exports.
There will be no Government spending because the economy is private and there will be no net exports because the economy is closed.
GDP will therefore be:
= Consumption + Investment
If Investment is $12 billion then the equilibrium level of GDP will be the GDP which when Consumption is deducted, the investment amount of $12 billion will be the result.
That GDP level is $360 billion.
When the consumption amount of $348 billion is subtracted from the GDP, you get $12 billion for investment.
