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My name is Ann [436]
3 years ago
5

Mary had $25,000 to invest. She invested part of that amount at 3% annual interest and part at 5% annual interest for one year.

The amount of interest she earned for both investments was $1100. How much was invested at each rate?
Mathematics
1 answer:
emmasim [6.3K]3 years ago
3 0
(25000-f)(.03)+.05f=1100

750-.03f+.05f=1100

750+.02f=1100

.02f=350

f=$17500

So Mary invested $17500 @ 5% and 7500 at 3% to earn $1100 in interest.


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Part (i)

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<h3>Answer: 55</h3>

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Part (ii)

We have 15 who like math only, 20 who like science only, and 55 who like either (or both). Let x be the number of people who like both classes.

We can then say

15+20+x = 55

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This means 20 people liked both subjects

<h3>Answer: 20</h3>

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Part (iii)

There are 15 people who like math only, and 20 who like both. Therefore, there are 15+20 = 35 people who like math (and some of these people also like science)

<h3>Answer: 35</h3>

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Part (iv)

We'll follow the same idea as the previous part. There are 20 people who like science only and 20 who like both subjects. That yields 40 people total who like science (and some of these people also like math).

<h3>Answer: 40</h3>

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Part (v)

We'll draw a rectangle to represent the entire group of 60 students. This is considered the universal set. Inside the rectangle will be two overlapping circles to represent math (M) and science (S).

We'll have 15 go in circle M, but outside circle S to represent the 15 people who like math only. Then we have 20 go in circle S but outside circle M to show the 20 people who like science only. We have another copy of 20 go in the overlapped region between the circles. This is the 20 people who like both classes. And finally, we have 5 go outside both circles, but inside the rectangle. These are the 5 people who don't like either subject.

Note how all of the values in the diagram add up to 60

15+20+20+5 = 60

This helps confirm we have the correct values.

<h3>Answer: See the venn diagram below</h3>

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