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Aleksandr [31]
2 years ago
6

Paul has $20,000 to invest. His intent is to earn 10.5% interest on his investment. He can invest part of his money at 7% intere

st and part at 12% interest. How much does Paul need to invest in each option to make 10.5% interest on his investment?
Paul should invest $
and $
to earn 10.5% on his investments.
Mathematics
1 answer:
Art [367]2 years ago
3 0
X=7%
y=12%
x+y=20000
0.07x+0.12y=20000*0.19=3800
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Find the value of n:<br> <img src="https://tex.z-dn.net/?f=%5Cfrac%7Bn%7D%7B11%7D%20%3D%20%5Cfrac%7B3.5%7D%7B7%7D" id="TexFormul
EastWind [94]

The value of n from the given expression is 5.5

<h3>Solution to linear equation and fractions</h3>

Fractions are expression written as a ratio of two integers. The linear equation on the other hand has a leading degree of 1.

Given the equation below;

n/11 = 3.5/7

Simplify to have

n/11 = 1/2

Cross multiply the given result to have:

11 = 2n

Swap

2n = 11

Divide both sides by 2 to have;

2n/2 = 11/2

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Hence the value of n from the given expression is 5.5

Learn more on linear equation and fraction here: brainly.com/question/11955314

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