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pshichka [43]
3 years ago
6

Question 5

Mathematics
2 answers:
anzhelika [568]3 years ago
7 0

Answer:anwser would be c

Step-by-step explanation:

Mkey [24]3 years ago
3 0

Answer:

$3500

Step-by-step explanation:

Given: A total of $10,000 is invested in two funds, Fund A and Fund B. Fund A pays 5% annual interest and Fund B pays 7% annual interest. The combined annual interest is $630.

To Find: How much of the $10,000 is invested in Fund A

Solution:

Total amount invested =\$ 10000

Let the amount invested in Fund A =\text{x}

The Amount invested in Fund B   =\$ 10000-\text{x}

We know that

\text{interest}=\frac{\text{principal}\times \text{rate} \times \text{time}}{100}

Annual interest accrued from Fund A =\frac{\text{x}\times5}{100}

Annual interest accrued from Fund B =\frac{(10000-\text{x})\times7}{100}

Combined annual interest accrued=\$ 630

Combined annual interest accrued = Annual interest accrued from Fund A+ Annual interest accrued from Fund B

\frac{\text{x}\times5}{100}+\frac{(10000-\text{x})\times7}{100} =\$ 630

\frac{5\text{x}+70000-7\text{x}}{100}=630

\frac{70000-2\text{x}}{100}=630

2\text{x}=7000

\text{x}=3500

Amount invested in Fund A is \$ 3500

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