1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
lianna [129]
3 years ago
15

Paul has $90,000 to invest. His intent is to earn 12% interest on his investment. He can invest part of his money at 7% interest

and part at 13% interest. How much does Paul need to invest in each option to make a total 12% return on his $90,000?
Mathematics
1 answer:
Natalka [10]3 years ago
5 0
If Paul wants to gain 12% interest, he would expect that the money he will have after a certain period of time is:

Future worth = 90000(1+0.12) = $100,800

Let's distribute the future worth to the different interest rates. The solution is as follows:

x + y = 90,000 --> eqn 1
100,800 = x(1+0.07) + y(1+0.13) --> eqn 2

Solving the equations simultaneously,

100,800 = x(1+0.07) + (90,000 - x)(1+0.13)
Solving for x:
x = 15,000
y = 90 000 - 15 000 = 75,000

Therefore, Paul should place $15,000 to the 7% interest and $75,000 to the 13% interest.
You might be interested in
Select all the situations that can be represented by the tape diagram. 99 W W W W W 4 Clare buys 4 bouquets, each with the same
enot [183]

Answer:

Third one 33333333333333333

5 0
3 years ago
Read 2 more answers
What is the solution set of {x|x<-3} intersection {x|x>5}?
ziro4ka [17]
There’s no solution because x is less than 3 there is no way is greater than 5.

Hope this helps!
8 0
3 years ago
What is the chemical formula for the molecule modeled?
adelina 88 [10]
The correct answer is A
8 0
3 years ago
Read 2 more answers
Find the missing numerators in each of the following problems. a. 10⁄15 = ⁄60 b. ⁄108 = 4⁄9 c. 7⁄11 = ⁄121 d. ⁄144 = 2⁄6
Zinaida [17]
We will find the numerator step by step for each expression:
 For 10/15 = x / 60
 x = (10/15) * (60)
 x = 40

 For  x / 108 = 4/9
 x = (4/9) * (108)
 x = 48

 For  7/11 = x / 121
 x = (7/11) * (121)
 x = 77

 For  x / 144 = 2/6
 x = (2/6) * (144)
 x = 48
6 0
3 years ago
Find the inequality represented by the graph
Nuetrik [128]

Answer:

y>=1*x+2

Step-by-step explanation:

y>=k*x+n

we know that 2=k+n and 0=-2k+n

so 4=2k+n and 0=-2k+n

now 4=2n so n=2

now k=1

so y>=1*x+2

7 0
3 years ago
Read 2 more answers
Other questions:
  • Need Help Please Answer asap anyone
    14·1 answer
  • The verbal expression for 15+r
    9·1 answer
  • What is true about days and min.
    14·1 answer
  • A small combination lock on a suitcase has 3
    15·1 answer
  • PLEASE HELP!!!<br><br> I don't understand...<br> If possible, please explain!
    10·2 answers
  • &lt;br /&gt;How do I solve 2x+y=10
    10·2 answers
  • What percent of 965 is<br> 1932
    11·2 answers
  • Someone plz help me with this
    7·1 answer
  • Tyler stood outside the movie theater and asked every fourth person to enter the movie theater for their favorite sport. There w
    8·1 answer
  • Select the correct answer. what is this expression in simplified form? (6v2)(-3v5)
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!