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GaryK [48]
3 years ago
11

Please answer this correctly

Mathematics
1 answer:
mr Goodwill [35]3 years ago
8 0

Answer:

Smith

Step-by-step explanation:

Woodson has fewer than Smith

Smith>Woodson

Woodson has more than Rodriquez

Smith>Woodson>Rodriguez

Blackburn has fewer then Rodriguez

Smith>Woodson>Rodriguez>Blackburn

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Paul has $40000 to invest. His intent is to earn 9% interest on his investment. He can invest part of his money at 6% and part a
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Paul needs to invest $10000 at 6% interest and $30000 at 10% interest to make a total of 9% return on his $40000.

<em><u>Explanation</u></em>

Suppose, the amount of money at 6% interest is x

As Paul has total $40000 to invest, so the amount of money at 10% interest will be: (40000-x) dollar

His intent is to earn 9% interest on his $40000 investment. So, the equation will be......

0.06x+0.10(40000-x)=0.09*40000\\ \\ 0.06x+4000-0.10x=3600\\ \\ -0.04x=3600-4000=-400\\ \\ x=\frac{-400}{-0.04}=10000

So, Paul needs to invest <u>$10000 at 6% interest</u> and ($40000- $10000) or <u>$30000 at 10% interest </u>to make a total of 9% return on his $40000.

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