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ladessa [460]
3 years ago
13

Paul has $70,000 to invest. His intent is to earn 15% interest on his investment. He can invest part of his money at 8% interest

and part at 18% interest. How much does Paul need to invest in each option to make a total 15% return on his $70,000?
Mathematics
1 answer:
kobusy [5.1K]3 years ago
5 0
Let n be the part invested at 18%. Then:
.18n+.06(40000-n)=.15(40000)
.18n+2400-.06n=6000
.12n=3600
n=3600/.12=$30000 at 18%, $10000 at 6%!!!!!!!!!!!!!
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Suppose that the handedness of the last fifteen U.S. presidents is as follows:40% were left-handed (L)47% were Democrats (D)If a
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3 0
4 years ago
The diagram shows a straight line ABCD.
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