Answer:
$ 2,600 was invested at 4% and $ 3,600 was invested at 9%.
Step-by-step explanation:
Given that in investing $ 6,200 of a couple's money, a financial planner put some of it into a savings account paying 4% annual simple interest, and the rest was invested in a riskier mini-mall development plan paying 9% annual simple interest, and the combined interest earned for the first year was $ 428, to determine how much money was invested at each rate, the following calculation must be performed:
3000 x 0.04 + 3200 x 0.09 = 408
2500 x 0.04 + 3700 x 0.09 = 433
2600 x 0.04 + 3600 x 0.09 = 428
Therefore, $ 2,600 was invested at 4% and $ 3,600 was invested at 9%.
45, 90, 180 are possible values on n
It would include 25 gifts for the cost the same amount either way
<em><u>Solution:</u></em>
Let "a" be the number of gifts to be wrapped
He can get them wrapped at the department store, which charges $2 per gift
Therefore,
Cost at department store: 2(number of gifts)
Cost at department store: 2a
The customer can pay his niece a flat fee of $50 to wrap all of his gifts
Cost at his niece: 50
He has a certain number of small packages, it would cost the same amount either way
Therefore,
Cost at department store = Cost at his niece
2a = 50
Divide both sides by 2
a = 25
Thus it would include 25 gifts for the cost the same amount either way
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Answer: 22 meters
Step-by-step explanation:
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