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2 years ago

One safe investment pays 8% per year, and a more risky investment pays 12% per year.

Mathematics

1 answer:

Mice21 [21]2 years ago

3 0

Principal = 109,000

Return - 9,920

Return = (principal x rate x time)/100

X = the amount invested at 12%

Then 102000- x = the amount invested at 8%

9920 = (x*12)/100 + (109000-x*8)100

x = 30,000

a) 30,000 is invested at 12%

79,000 is invested at 8%

b) The 12% investment is riskier so if all the money was in that account the investor could lose all his money.

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Step-by-step explanation:

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Where

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Second term:

$3(\frac{1}{4})^{n-1}\\=3(\frac{1}{4})^{2-1}\\=3(\frac{1}{4})^1\\=3(\frac{1}{4})\\=\frac{3}{4}$

Let's see the common ratio: $\frac{\frac{3}{4}}{3}\\=\frac{3}{4}*\frac{1}{3}\\=\frac{1}{4}$

Thus we have a = 3 and r = 1/4. Plugging into the formula of the infinite sum, we get:

$s=\frac{a}{1-4}=\frac{3}{1-\frac{1}{4}}=\frac{3}{\frac{3}{4}}=3*\frac{4}{3}=4$

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Step-by-step explanation:

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