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Thepotemich [5.8K]
3 years ago
14

Vern sold his 1964 Ford Mustang for $55,000 and wants to invest the money to earn him 3.6% interest per year. He will put some o

f the money into Fund A that earns 2% per year and the rest in Fund B that earns 10% per year. How much should he invest into each fund (in dollars) if he wants to earn 3.6% interest per year on the total amount?
Mathematics
1 answer:
noname [10]3 years ago
4 0

Answer: He should invest $44000 in fund A and $11000 in fund B.

Step-by-step explanation:

Let x represent the amount which he invested in fund A.

Let y represent the amount which he invested in fund B.

Vern sold his 1964 Ford Mustang for $55,000 and wants to invest the money to earn him 3.6% interest per year. He will put some of the money into Fund A that earns 2% per year and the rest in Fund B that earns 10% per year.. This means that

x + y = 55000

The formula for determining simple interest is expressed as

I = PRT/100

Considering fund A,

P = $x

T = 1 year

R = 2℅

I = (x × 2 × 1)/100 = 0.02x

Considering fund B,

P = $y

T = 1 year

R = 10℅

I = (y × 10 × 1)/100 = 0.1y

The interest that he wants to earn on the total amount in a year is 3.6%. The interest would be

I = (55000 × 3.6 × 1)/100 = 1980

Therefore,

0.02x + 0.1y = 1980 - - - - - - - - - -1

Substituting x = 55000 - y into equation 1, it becomes

0.02(55000 - y) + 0.1y = 1980

1100 - 0.02y + 0.1y = 1980

- 0.02y + 0.1y = 1980 - 1100

0.08y = 880

y = 880/0.08

y = 11000

x = 55000 - y = 55000 - 11000

x = 44000

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x(x + 2) = 27 + 6(x + x + 2)
x^2 + 2x = 27 + 6(2x + 2)
x^2 + 2x = 27 + 12x + 12
x^2 + 2x - 12x - 12 - 27 = 0
x^2 -10x - 39 = 0
(x + 3)(x - 13) = 0

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For one toss of a certain coin, the probability that the outcome is heads is 0.6. If this coin is tossed 5 times, which of the f
pishuonlain [190]

Answer:

The probability is 0.33696

Step-by-step explanation:

The probability that the outcome will be heads x times is calculated using the following equation:

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This apply for variables that follows a binomial distribution. In which we have n independent and identical events with two possibles results: success and fail with a probability p and 1-p respectively.

So, In this case, n is equal to 5, and p is equal to 0.6 because we are going to call success the event in which the outcome of the coin is head.

Then, the probability that the outcome will be heads at least 4 times is calculated as:

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Where P(4) is:

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And P(5) is:

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#13. 6x — Зу = 8
Ne4ueva [31]

#13

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#14

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#16 is not clear

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