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Romashka-Z-Leto [24]
2 years ago
15

It's like ratio on big ideas math 2.1 Exercises BigIdesMath.com

Mathematics
1 answer:
ryzh [129]2 years ago
4 0

Answer:

what? I don't understand explain

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Bob was selling some toys. Every toy cost 55 dollars and he made 1045 dollars in profit on that exact day. How many toys did Bob make on that day?

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Hank invested a total of $20,000, part at 7% and part at 10%. How much did he invest at each rate if the total interest earned i
jolli1 [7]

Answer:

The amount invested at 7% is $12,000 while the amount invested at 10% is $8,000

Step-by-step explanation:

The given parameters are;

The total amount Hank invested = $20,000

The interest earned in one year = $1640

Hank invested part of the $20,000 at 7% interest and part of the $20,000 at 10%

Let the part invested at 7% = X and the part invested at 10% = Y, we have;

7% of X + 10% of Y = $1640 which gives;

0.07×X + 0.1×Y = $1640.....................(1)

X + Y = $20,000.................................(2)

Multiply equation (1) by 10 and subtract equation (1) from equation (2) to get;

X + Y - 10×(0.07×X + 0.1×Y) = $20,000 - 10×$1640

X - 0.7·X - Y - Y = $20,000 - $16,400 = $3,600

0.3·X = $3,600

X = $3,600/0.3 = $12,000

X = $12,000

Y = $20,000 - X = $20,000 - $12,000 = $8,000

Y = $8,000

Therefore, the amount invested at 7% = $12,000 and the amount invested at 10% = $8,000.

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