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7nadin3 [17]
2 years ago
13

Felipe made $221 for 17 hours of work.

Mathematics
1 answer:
VMariaS [17]2 years ago
4 0
He would have to work 13 hours

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What's (9+9i)(-1-5i) using foil method
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3 years ago
Kamran wins the big game lottery. He invests part of his winnings in treasury bonds promising a 5% annual return and he deposits
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Answer:

Amount won by Kamran = $21,450

Step-by-step explanation:

This can be calculated using the following 3 steps:

Step 1: Calculation of the amount invested in treasury bonds

Since the limit to the duration of investment is not stated, the amount invested can be calculated using the formula for calculating the present value of a perpetuity as follows:

PV = P / r …………………………………. (1)

Where;

PV = Present value or the amount invested treasury bonds = ?

P = Annual return on his investments = $661.25

r = Annual rate of return = 5%, or 0.05

Substitute the values into equation (1), we have:

PV = $661.25 / 0.05 = $13,225

Step 2: Calculation of the amount deposited in the money market account

From Step 1 above, we have:

Amount invested treasury bonds = $13,225

Since he invests $5000 more in treasury bonds than he deposits in the money market account, the amount deposited in the money market account can be calculated as follows:

Amount deposited in the money market account = Amount invested treasury bonds - $5,000 = $13,225 - $5,000 = $8,225

Step 3: Calculation of the amount won by Kamran

Amount won by Kamran = Amount invested treasury bonds + Amount deposited in the money market account = $13,225 + $8,225 = $21,450

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