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Veseljchak [2.6K]
3 years ago
11

Gabriela remembered that her personal finance teacher in high school always encouraged each person to “pay yourself first” so sh

e sets aside $715 into a savings account each month. If her monthly budget is $3,575, what percentage of her budget does she put into savings?
Mathematics
1 answer:
vaieri [72.5K]3 years ago
3 0

Answer:

20%

Step-by-step explanation:

cross multiply then divide!

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A cell phone company has a basic monthly plan of $40 plus $0.45 for any minutes used over 700. Before receiving his statement, J
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Read 2 more answers
Two sides of a triangle measure 10 centimeters and 15 centimeters what is the measure of the third side
Lady_Fox [76]
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8 0
3 years ago
A total of $12,000 is invested in two corporate bonds that pay 7.5% and 9% simple interest. The invest wants an annual interest
nlexa [21]

Answer:

$13,200

Step-by-step explanation:

You need to use the simple interest formula

I = P * r * t

I = Interest accrued

P = Principal amount invested

r = Interest rate          you need to divide by 100 to get it in decimal form

t = time, in years        if you are given a partial year, divide the months by 12

P = $12,000                                    

r = 7.5% = .075                                    

t = 1                                                  

But, because we want I to equal $990 then I is

I = $990

So we ignore our P and instead solve for the P that will give us the desired result.

I = P * r * t

$990 = P * .075 * 1

$990 = P.075        Divide each side by .075

$990/.075 = P.075/.075

$990/.075 = P

$13,200 = P

So, to earn an annual interest income of $990, $13,200 will have to be invested in the 7.5% bond.

6 0
3 years ago
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