Answer:
$30444.41
Step-by-step explanation:
→ Work out compound interest
(100 + 6) ÷ 100 = 1.06
→ Multiply the amount by the money
17000 × 1.06
→ Find how many years it is for
17000 × 1.06¹⁰ = 30444.41
a = amount invested at 5%
b = amount invested at 2%
now, we know the total invested by Mr Wilson was 20000, so whatever "a" and "b" might be, we know that a + b = 20000.
![a + b = 20000\implies b = 20000-a \\\\[-0.35em] ~\dotfill\\\\ \stackrel{\textit{5\% of a}}{\left( \cfrac{5}{100} \right)a}\implies 0.05a~\hfill \stackrel{\textit{2\% of b}}{\left( \cfrac{2}{100} \right)a}\implies \begin{array}{llll} 0.02b\\\\ \stackrel{substituting}{0.02(20000-a)} \end{array}](https://tex.z-dn.net/?f=a%20%2B%20b%20%3D%2020000%5Cimplies%20b%20%3D%2020000-a%20%5C%5C%5C%5C%5B-0.35em%5D%20~%5Cdotfill%5C%5C%5C%5C%20%5Cstackrel%7B%5Ctextit%7B5%5C%25%20of%20a%7D%7D%7B%5Cleft%28%20%5Ccfrac%7B5%7D%7B100%7D%20%5Cright%29a%7D%5Cimplies%200.05a~%5Chfill%20%5Cstackrel%7B%5Ctextit%7B2%5C%25%20of%20b%7D%7D%7B%5Cleft%28%20%5Ccfrac%7B2%7D%7B100%7D%20%5Cright%29a%7D%5Cimplies%20%5Cbegin%7Barray%7D%7Bllll%7D%200.02b%5C%5C%5C%5C%20%5Cstackrel%7Bsubstituting%7D%7B0.02%2820000-a%29%7D%20%5Cend%7Barray%7D)
now, we know the total of earned interest is 550 bucks, so then
Answer:
guess or round or about
Step-by-step explanation:
Answer:
The answer is below
Step-by-step explanation:
The Royal Fruit Company produces two types of fruit drinks. The first type is 65% pure fruit juice, and the second type is 90% pure fruit juice. The company is attempting to produce a fruit drink that contains 85% pure fruit juice. How many pints of each of the two existing types of drink must be used to make 80 pints of a mixture that is 85% pure fruit juice?
Answer: Let x be the number of pints of the first fruit juice (i.e 65%) and y be the number of pints of the second fruit juice (i.e 90%).
Since the total number of pints to make the 85% pure fruit juice is 80, it can be represented using the equation:
x + y = 80 . . . 1)
Also, x pints of the first juice = 0.65x, y pints of the second juice = 0.9y and 80 pints of the mixture to be produced = 80(0.85) = 68. Therefore:
0.65x + 0.9y = 68 . . . 2)
We have to solve equation 1 and 2 simultaneously, first multiply equation 1 by 0.65 to get equation 3:
0.65x + 0.65y = 52 . . . 3)
Subtract equation 3 from 2 and solve for y:
0.25y = 16
y = 16/0.25 = 64
y = 64 pints
Put y = 64 in equation 1:
x + 64 = 80
x = 80 - 64 = 16
x = 16 pints
Therefore 16 pints of the 65% pure fruit juice, and 64 pints of the 90% pure fruit juice is required to make 80 pints of 80% fruit juice.
