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FinnZ [79.3K]
2 years ago
15

Plz help me NOW I will mark you brainliest

Mathematics
1 answer:
puteri [66]2 years ago
8 0
  • Let x be the percentage of p.
  • Therefore,
  • m\% \:  \: of \:  \: n = x\% \:  \: of \:  \: p \\  =  >  \frac{mn}{100}  =  \frac{px}{100}  \\  =  > mn =  \frac{px}{100}  \times 100 \\  =  > mn = px \\  =  >  \frac{mn}{p}  = x

<u>Answer:</u>

<u>\frac{mn}{p}</u>

Hope you could get an idea from here.

Doubt clarification - use comment section.

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A total of $12,000 is invested in two corporate bonds that pay 7.5% and 9% simple interest. The invest wants an annual interest
nlexa [21]

Answer:

$13,200

Step-by-step explanation:

You need to use the simple interest formula

I = P * r * t

I = Interest accrued

P = Principal amount invested

r = Interest rate          you need to divide by 100 to get it in decimal form

t = time, in years        if you are given a partial year, divide the months by 12

P = $12,000                                    

r = 7.5% = .075                                    

t = 1                                                  

But, because we want I to equal $990 then I is

I = $990

So we ignore our P and instead solve for the P that will give us the desired result.

I = P * r * t

$990 = P * .075 * 1

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$990/.075 = P.075/.075

$990/.075 = P

$13,200 = P

So, to earn an annual interest income of $990, $13,200 will have to be invested in the 7.5% bond.

6 0
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