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
alina1380 [7]
3 years ago
11

Melissa invested her savings in two investment funds. The amount she invested in Fund A was $6000 less than the amount she inves

ted in Fund B. Fund A returned a 3% profit and Fund B returned a 8% profit. How much did she invest in Fund B, if the total profit from the two funds together was $2130?
Business
1 answer:
mihalych1998 [28]3 years ago
5 0

Answer:

$21,000

Explanation:

Let the amount invested in Fund B be T

Given that amount she invested in Fund A was $6000 less than the amount she invested in Fund B, Amount invested in Fund A

= $(T - 6000)

If Fund A returned a 3% profit and Fund B returned a 8% profit and the total profit from the two funds together was $2130, then

3% × (T - 6000) + 8% × T = 2130

(3T - 18000)/100 + 8T/100 = 2130

11T - 18000 =213000

11T = 213000 + 18000

11T = 231000

T = 231000/11

T = $21,000

You might be interested in
You have received a proposal for an RFP that was sent to suppliers. One of the vendors has proposed doing the project for $12,50
Ber [7]

Answer:

FIXED PRICE CONTRACT

Explanation:

The type of contract that is most suitable if the type of work is predictable and the requirements are well-defined and not likely to change is FIXED PRICE CONTRACT because it looks as if the vendor is asking for a cost-plus-fixed-fee contract. However, by asking for a fixed $12,500, the vendor is actually asking for a FIXED PRICE CONTRACT. The cost and fee are just the components the vendor has estimated to come up with a final price.

6 0
2 years ago
If a borrower's monthly interest payment on an interest-only loan at an annual interest rate of 7.3% is $877, how much was the l
mihalych1998 [28]

Answer:

$144,200

Explanation:

7 0
2 years ago
Describe Reid Hoffman the founder and creator Linkedln?
CaHeK987 [17]

Answer:

Reid Garrett Hoffman is an American internet businessman, tech entrepreneur, writer. Hoffman became co-founder and president of LinkedIn, an enterprise-oriented social media network mainly utilized for business networking. In 2016, Hoffman transferred LinkedIn for $26.2 billion in cash to Microsoft, then entered the board for Microsoft.

5 0
3 years ago
Are cities around the world doing a disservice to their citizens or their visitors, or both, by banning uber outright from opera
Ne4ueva [31]

Answer:

In my opinion they can be a big problem because if you can not use the uber in some community it's useless but they are banning ubers because the taxis business are loosing money and the uber is replacing the taxi business.

There is an own opinion question, so try to answer by yourself

4 0
3 years ago
Frozen Delight, Inc. charges an initial franchise fee of $79,300 for the right to operate as a franchisee of Frozen Delight. Of
telo118 [61]

Answer:

Check attached file

Explanation:

6 0
3 years ago
Other questions:
  • A company sells digital music players and is introducing its latest player to the market. The company knows it can’t compete hea
    5·1 answer
  • For the gillette fusion razor, over 60 percent of men who tried the razor adopted the product permanently. these men are known a
    7·1 answer
  • Because the demand for wheat tends to be inelastic. True or False
    13·1 answer
  • A businesswoman wants to determine the difference between the costs of owning and leasing an automobile. She can lease a car for
    9·1 answer
  • In an economy, the value of inventories was $75 billion in 2016 and $63 billion in 2017. In calculating total investment for 201
    9·1 answer
  • Cherokee Inc. is a merchandiser that provided the following information: Number of units sold 20,000, Selling price per unit $30
    6·1 answer
  • When two countries decide to engage in specialization and exchange the advantage is: Group of answer choices Their production po
    12·1 answer
  • Cruise Company produces a part that is used in the manufacture of one of its products. The unit manufacturing costs of this part
    15·1 answer
  • The present value of an expected future payment ________ as the interest rate increases.
    11·1 answer
  • Grants Corporation prepared the following two income statements (simplified for illustrative purposes):
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!