I’m a failure if you can just say “yes you are” in the comments
Answer:
15/3
Step-by-step explanation:
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Answer:
15% discount means you're paying 85% of the marked price because total is 100% and 100-15 = 85%
Let X be the naked price
Paid = marked price - discount
Paid = X - (15/100 × X)
Using distribution property,
Paid = X(1 - 15/100)
Paid = X[(100-15)/100]
Paid = X(85/100)
Which is 85/100 × X
Hence 85% of X
Total amount of money invested - $11500
X +Y = $11500. ----------(1)
Total yearly interest for thetwo a/c is - $201
-0.03X + 0.04Y = $201
Form (1)
X = 11500 - Y
Substitute for X
-0.03(11500 - Y) + 0.04 Y = $201
-345 + 0.03Y + 0.04Y =201
0.07Y = 546
Y = 7800 at 4 %
Calculate X
X = 11500 - Y
= 11500 - 7800
=3700 at - 3%
Check
-0.03×3700 + 0.04 × 7800 = $201
-111 + 312 = $201
$201 = $201
