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Gnesinka [82]
3 years ago
9

Twenty years ago, you began investing $3,000 a year. Because your investments earned an average of 8 percent a year, your invest

ment portfolio has a current dollar value of $92,000. How much did you earn on your investments over the 20-year period of time? a.) $40,000
b.) $132,000
c.) $92,000
d.) $52,000
e.) $2,000
Mathematics
1 answer:
Ulleksa [173]3 years ago
6 0

Answer:

$32,000

Step-by-step explanation:

Yearly investment = $3,000

Number of years = 20

Investments earned an average of 8 percent a year.

Total invested amount = $3,000 × 20 = $60,000

Current value of investment = $92,000.

We need to find the total earnings on the investment.

Earnings = Current value of investment - Total invested amount

Earnings = $92,000 - $60,000

Earnings = $32,000

Therefore, the total earnings is $32,000.

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The radius of a circle is 9 centimeters what is the circles circumference
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56.55

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Dave and Sandy Hartranft are frequent flyers with a particular airline. They often fly from City A to City B, a distance of 756
horsena [70]

Answer:

Plane = 441 mi/h; wind =  63 mi/h

Step-by-step explanation:

distance = rate × time

 Let p = the plane's speed in still air

and w = the wind speed . Then,

p + w = speed with wind

 p - w = speed against wind

We have two conditions:

(1)  756 = (p - w) × 2

(2) 756 = (p + w) × 1.5

Distribute the constants                  (3)    756 = 2p - 2w

                                                          (4)   756 = 1.5p + 1.5 w  

Multiply Equation (3) by 3                (5) 2268 = 6p  -  6w

Multiply Equation (4) by 4                (6) 3024 = 6p + 6w

Add Equations (5) and (6)                     5292 = 12p

Divide each side by 12                     (7)        p = 441 mi/h

Substitute (7) into Equation(3)                 756 = 882 - 2w

Add 2w to each side                      2w + 756 = 882

Subtract 756 from each side                    2w = 126

Divide each side by 2                                 w = 63 mph

The plane's speed in still air is 441 mi/h.

The wind speed is 63 mph.

Check:

(1) 756 = (441 - 63) × 2     (2) 756 = (441 + 63) × 1.5

   756 = 378 × 2                   756 = 504 × 1.5

   756 = 756                         756 = 756

8 0
3 years ago
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Answer:

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5 0
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