In this question , it is given that
A pension fund invests $55,400 in utility stocks and earns 14% per year on the investment.
We have to find amount of money earned per year and for that we have to find 14% of 55400 which is
So he earner $7756 per year by investing $55,400 in utility stocks .
Answer:
I think it's 50 I'm srry if u get it wrong
The answer:
it would take 9 years for the account to grow to $12,700
the steps:
10,000 x .03 = 300
2,700 divided by 300 is 9
<span>106% of $ _______ = $7.95
this means that 1.06 of the price of the cooler is 7.95
so we can assume th
</span>at the cooler price is x
then:
1.06 x = 7.95
Divide both sides by 1.06, we get:
x = 7.5
The price of the cooler itself without tax is $7.5
----.----.----
to check you answer:
7.5 + 7.5*6%= 7.5 + 7.5*0.06 = 7.5 + 0.45 = 7.95$
Correct!! :)
