Estimate: __ 94,903 1 __49,995
1 answer:
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Answer:
9% fund: $ 210,000
13% fund: $70,000
Step-by-step explanation:
As she wants to have a $28,000 annual return for her $280,000 investment, she is expecting a return rate of 10%:
If we call x the proportion of the capital in the 9% fund, then (1-x) is the proportion of the capital in the 13% fund,and the return of the combination has to be the expected return of 10%:
Then, we know that 75% of the capital should be invested in the 9% fund and 25% in the 13% fund.
This correspond to a capital of:
9% fund: 0.75*$280,000 = $ 210,000
13% fund: 0.25*$280,000 = $70,000
Answer:
The percent of error in the measurement is 2%
Step-by-step explanation:
The percent of error associated with a reported measurement is calculate using the formula;
The error associated with a measurement is defined as half of the smallest unit of measurement used. The measurement reported was 2.5. The smallest unit of measurement for this reading is 0.1. The error is thus;
error = 0.1/2 = 0.05
The percent of error is thus;