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
0.1*x+0.01*y=811.
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
Step-by-step explanation:
Geometric series.
Month 3.
100(1+\frac{0.02}{12})^2 + 100(1+\frac{0.02}{12})+100
Month 4.
100( 1 + \frac{0.02}{12})^3 + 100( 1 + \frac{0.02}{12})^2+100(1+\frac{0.02}{12})+100
Month 5.
100(1 + \frac{0.02}{12})^4 + 100(1 + \frac{0.02}{12})^3 + 100(1 + \frac{0.02}{12})^2 +100( 1 + \frac{0.02}{12}) + 100
Answer:
Step-by-step explanation:
90 by 20%
10%=9
20%=18
90-18=62
Hope u understand
