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Aleksandr-060686 [28]
2 years ago
8

Find the value of x. If necessary, round your answer to the nearest tenth. The figures are not drawn to scale.

Mathematics
1 answer:
Veseljchak [2.6K]2 years ago
6 0
10•24=240
240=9•x
240=9x
240/9=x
x=26 2/3
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Phyllis invested 51000 dollars, a portion earning a simple interest rate of 4 percent per year and the rest earning a rate of 7
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Answer:

Phyllis invested $11,000 at a simple interest rate of 7 percent per year and $40,000 at a simple interest rate of 4 percent per year.

Step-by-step explanation:

From the information provided, you can write the following equations:

x+y=51000 (1)

0.04x+0.07y=2370 (2), where

x is the portion earning a simple interest rate of 4 percent per year

y is the portion earning a simple interest rate of 7 percent per year

First, you can isolate x in (1):

x=51000-y (3)

Now, you can replace (3) in (2) and solve for y:

0.04(51000-y)+0.07y=2370

2040-0.04y+0.07y=2370

0.03y=330

y=330/0.03

y=11000

Then, you can replace the value of y in (3) to find the value of x:

x=51000-11000

x=40000

According to this, the answer is that Phyllis invested $11,000 at a simple interest rate of 7 percent per year and $40,000 at a simple interest rate of 4 percent per year.

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