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pentagon [3]
3 years ago
12

What does it mean about you get to choose your own salary

Mathematics
1 answer:
Strike441 [17]3 years ago
3 0
The problem is asking you to choose an option from the given ones you see on your paper. The "show your calculations" is just your way to see which one gets paid better. After you find which one pays more you still have an option to pick which ever but then you have to explain why you chose it.
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****hope this helps****

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You invested money in two funds. Last year, the first fund paid a dividend of 9% and the second a dividend of 3%, and you receiv
Elden [556K]
If the amount of money you invested in the first fund is x and the second fund y, then 9% (or 0.09 by moving the decimal 2 spots)*x+0.03*y=1047 since the first fund paid 9% and the second 3%. In addition, for this year, we get 
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We also have 0.09*x+0.03*y=1047, so we can multiply the top equation by -3 and add it to the second to get -0.21x=-1386. Dividing both sides by -0.21, we get x=6600. In addition, since 0.1*x+0.01*y=811, we can plug 6600 in for x to get 660+0.01*y=811 and by subtracting 660 from both sides we get 0.01*y=151. Multiplying both sides by 100 (since 0.01*100=1), we get y=15100
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