Answer:
First investment = $98000
Second = $413,000
Step-by-step explanation:
Given the following :
Investment 1:
Let first investment = f
Rate = 8% = 0.08
Investment 2:
$21,000 more than 4 times of investment 1:
4f + 21000
Rate = 10% = 0.1
Total annual interest earned from both :
$49,140
Interest on investment 1 + interest on investment 2 = $49,140
To solve:
Simple Interest = principal * rate * time
Time = 1 year
Total interest = (f * 0.08 * 1) + ((4f + 21000) * 0.1 * 1)
49140 = 0.08f + 0.4f + 2100
0.48f = 47040
f = 47040 / 0.48
f = 98000 = first investment
Second investment :
4f + 21000
= 4(98000) + 21000
= $413,000
Answer:
Step-by-step explanation: im not sure
We have to determine the number which is rounded to the nearest tenth in the expression 0.304
1.325.
So, let us divide 0.304 by 1.325.
So, we get
= 0.229
Now, we have to round the number 0.229 to the nearest tenth.
The tenths place is to the right of the decimal. Now, we will consider the digit at hundredths place which is '2', which is less than 5.
Therefore, the number rounded to the nearest tenth is 0.2.