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Sever21 [200]
3 years ago
6

Maya Frankie invested $125,000 in the Washington Robinson Mutual Fund (Type B). The net asset of the fund at the time of purchas

e was $21.29 and was back-loaded, with a loading rate of 3.9%. How many shares did Maya purchase?
Mathematics
1 answer:
vodomira [7]3 years ago
8 0
Given:
125,000 investment
net asset of the fund was $21.29 back loaded with a loading rate of 3.9%

125,000/21.29 = 5,871.30 shares.

Maya Frankie bought 5,871.30 shares of the Washington Robinson Mutual Fund (Type B.)

The 3.9% loading rate will only be applicable once Maya decides to sell her shares. This is what back loaded means.
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Help me please solve the circled question show your work
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<u>Part 1)</u> Use the fact that there are 12 inches in a foot

a) How many inches tall is a 7 foot basketball player?

we know that

1 foot=12 inches

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therefore

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84\ inches

Part b) If a yard is a 3 feet long, how many inches are in a yard?

we know that

1 yard=3 feet

1 foot=12 inches

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Convert 3 feet to inches

by proportion

\frac{12}{1} \frac{inches}{foot} =\frac{x}{3} \frac{inches}{feet} \\ \\x=12*3\\ \\x=36\ inches    

therefore

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36\ inches

<u>Part 2) </u>At the farmer's market two pounds of peaches cost $4.20 How much will five pounds cost?

by proportion

\frac{4.20}{2} \frac{\$}{pounds} =\frac{x}{5} \frac{\$}{pounds} \\ \\2*x=4.2*5\\ \\x=4.2*5/2=\$10.5    

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\$10.5

<u>Part 3) </u>Janice mother gave her a ten dollars bill to buy five pounds each of bananas and apples at the grocery store. When she got there she found that bananas were 80 c per pound and apples were $1.40 per pound.

Did Janice's mother give her enough money? If so, should she receive any change? If not, how much more money does she need?

 we know that

<u>Find the cost of the bananas</u>

5\ pounds*0.80\frac{\$}{pounds}=\$4

<u>Find the cost of the apples</u>

5\ pounds*1.40\frac{\$}{pounds}=\$7

Sum the cost of the bananas and the cost of the apples

\$4+\$7=\$11

\$11 > \$10------> Janice's mother didn't give her enough money

She needs more money

She needs-------> \$11-\$10=\$1

therefore

<u>the answer part 3) is</u>

She needs  \$1 more


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