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Anna [14]
3 years ago
6

Each month, Stacey places a portion of her earnings in a retirement account. Her savings are invested in two companies. For ever

y $9 invested in company A, $2 is invested in company B. Stacey quizzes her children, Krista and Kevin, about how much money she will invest in company A if she invests $24 in company B. Krista and Kevin used two different methods to arrive at the answer to Stacey’s problem. Let’s see who found the correct answer and how. You’ll answer some questions along the way.
What is the ratio of the amount invested in company A to the amount invested in company B? Write the answer as a fraction using the values given. Do not include any variables.
Mathematics
2 answers:
Levart [38]3 years ago
7 0
It might be about 6 dollars

4vir4ik [10]3 years ago
3 0

The ratio of the amount invested in company A to the amount invested in company B is .


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Here, Amount after 6 months (0.5 year) = 1,950(1 + (4.25/100)/4)^(0.5 x 4) = 1,950(1 + 0.0425/4)^2 = 1,950(1 + 0.010625)^2 = 1,950(1.010625)^2 = 1,950(1.0213629) = $1,991.66

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