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Doss [256]
3 years ago
9

Given a monthly income of $1,500, how do you determine the yearly. salary this person will earn

Mathematics
1 answer:
Nina [5.8K]3 years ago
7 0

Answer:

C: $1500 x 12

Step-by-step explanation:

It's simple. You've gotta multiply to get this answer.

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A retired woman has $280,000 to invest. She has chosen one relatively safe investment fund that has an annual yield of 9% and an
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Answer:

9% fund: $ 210,000

13% fund: $70,000

Step-by-step explanation:

As she wants to have a $28,000 annual return for her $280,000 investment, she is expecting a return rate of 10%:

r=\dfrac{R}{C}=\dfrac{28,000}{280,000}=0.10

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Then, we know that 75% of the capital should be invested in the 9% fund and 25% in the 13% fund.

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