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krek1111 [17]
3 years ago
11

Can someone please help me on this ty!!

Mathematics
1 answer:
AVprozaik [17]3 years ago
8 0
-1
3/4
1/2
Hope this helps
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Avery and Caden have saved $27,000 towards a down payment on a house. They want to keep some of the money in a bank account that
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They should put $6750 in the bank account and $20,250 in the stock fund.

Step-by-step explanation:

Consider the provided information that Avery and Caden have saved $27000.

Let <em>x</em> is the money deposit in the bank and <em>y</em> is the money deposit in stock fund.

Therefore,

<em>x</em> + <em>y</em> = 27000

<em>x</em>  = 27000 - <em>y</em>

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\frac{2.4}{100}x+x=1.024x

Stock fund pays 7.2% annual interest.

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1.024 (27000 − <em>y</em>) + 1.072 <em>y</em> = 1.06 × 27000

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0.048 <em>y</em> = 28620-27648

0.048 <em>y</em> = 972

<em>y</em> = 20250

Now, substitute the <em>y</em> = 20250 in <em>x</em>  = 27000 - <em>y</em>.

<em>x</em> = 27000 − 20250

<em>x</em> = 6750

Hence, they should put $6750 in the bank account and $20,250 in the stock fund.

7 0
3 years ago
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