You have ​$250 comma 000 in an IRA​ (Individual Retirement​ Account) at the time you retire. You have the option of investing this money in two​ funds: Fund A pays 2.4​% annually and Fund B pays 7.4​% annually. How should you divide your money between Fund A and Fund B to produce an annual interest income of ​$9 comma 000​?

Answers

Answer 1

Answer:

$190,000 goes to fund A while $60,000 goes to fund B to earn an annual interest income of $9,000

Step-by-step explanation:

Here, we are interested in knowing the way the money should be divided between the interest rates to give an annual interest totaling $9,000.

Let’s have the amount going to Fund A as $x while $y is the amount going to Fund B.

Although, we do not know the value of these amounts, we know that they both total $250,000

Thus, mathematically;

x + y = 250,000 •••••••••••(i)

Now also, let’s work with the percentages to get the interests:

For fund A;

2.4% of x = interest

2.4/100 * x = 2.4x/100

For fund B;

7.4% * y = interest

7.4/100 * y = interest

7.4y/100 = interest

Adding both gives a total of $9,000

Mathematically, that would be;

2.4x/100 + 7.4y/100 = 9,000

Multiply through by 100;

2.4x + 7.4y = 900,000 •••••••(ii)

From i, x = 250,000 -y

Substitute this into ii

2.4(250,000-y) + 7.4y = 900,000

600,000 -2.4y + 7.4y = 900,000

Collecting like terms, we have;

7.4y-2.4y = 900,000-600,000

5y = 300,000

y = 300,000/5

y = $60,000

But x = 250,000 - y

x = 250,000 - 60,000

x = $190,000


Related Questions

Four times the sum of half a number and 6 is 48.
How do you put this as an equation?

Answers

Answer:

make x the subject of formula then = 6/48

What is the solution set for 5x – 1 < 7x - 47​

Answers

Answer:

x > 23

Step-by-step explanation:

5x – 1 < 7x - 47​

Add 1 to -47, you get -46.

5x < 7x - 46

Subtract 7x from 5x.

-2x < -46

Multiply both sides to reverse the inequality.

2x > 46

Divide both sides by 2.

x > 23


Your teacher will give you a set of cards. On each card, Figure A is the original and Figure B is a scaled copy.
Sort the cards based on their scale factors. Be prepared to explain your reasoning.

Answers

It would be B to A hope that helped!

In the diagram, 1 inch represents 20 feet
Which are the actual dimensions of the
family room?

Answers

Answer: 10 Feet by 15 Feet

Step-by-step explanation:

after paying income 5% a man has Rs 7600 left. what is his income?​

Answers

Answer:

His income was 8000 rupees

Step-by-step explanation:

We must find his income so let that be x

We take 100%-5% = 95%

Turn this 95% into a decimal which is 0.95

So:

x * 0.95 = 7600

Rearrange this to give x:

x = 7600/0.95

x = 8000 rupees

The man's income is Rs. 8000. He has been left with 95 percent of his income = Rs. 7600.

What are percentages?

Percentages are fractional values where the total amount is taken as 100.

25% of a quantity means 25/100 of that quantity.

How to solve the given question?

In the question, we are informed that after paying 5% of income, a man is left with Rs. 7600.
We are asked to find his income.


We are given that a man pays 5% of his income, so he will be left with (100-5)% = 95% of his income as percentages are taken over a total of 100.

We assume the man's total income to be Rs. Y.

∴ We can say that the man is left with 95% of Y.

We know the man is left with Rs. 7600. So we can write this case as:

95% of Y = 7600

or, 95/100 of Y = 7600

or, (95/100)*Y = 7600

or, Y = (7600*100)/95 = 760000/95 = 40000/5 = 8000.

∴ The man's income is Rs. 8000. He has been left with 95 percent of his income = Rs. 7600.

Learn more about percentages at

https://brainly.com/question/843074

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I’ve tried for so long and I don’t know any of these please help I need answers

Answers

Answer:

Step-by-step explanation:

Is 9 a natural number?

Answers

Answer: yes

Step-by-step explanation:

Answer:

I think so

Step-by-step explanation:

I think all numbers are technically natural


4x2 + 3x - 6
Label the terms in the expression as constant, linear, and quadratic.

A) constant: -6; linear: 3x; quadratic: 4x2
B) constant: 3x; linear: -6; quadratic: 4x2
C) constant: 4x2 ; linear: 3x; quadratic: -6
D) constant: -6; linear: 4x2 ; quadratic: 3x

Answers

constant: 3x;linear: -6; quadratic: 4x2

In a​ poll, 1004 women in a country were asked whether they favor or oppose the use of​ "federal tax dollars to fund medical research using stem cells obtained from human​ embryos." Among the​ respondents, ​% said that they were in favor. Identify the population and the sample.

Answers

Answer:

Population: A) All woman in the country

Step-by-step explanation:

Sample: A) The 1004 woman selected

Solve the equation below for x.
сх — 4 = 7

Answers

Answer:

x = 11/c

Step-by-step explanation:

To solve this equation for x, we simply need to apply equation operations and isolate the x variable.

cx - 4 = 7

cx - 4 + 4 = 7 + 4

cx = 7 + 4

cx = 11

cx * (1/c) = 11 * (1/c)

x = 11 * (1/c)

x = 11/c

Cheers.

Cx - 4 = 7
Cx = 7 + 4
Cx = 11
X = 11/c
Hope it helps :)

On Friday there were 8 snowboarders for every 3 skiers at Slovak ski resort. On Saturday the ratio of the number of snowboarders to the number of skiers was 4:7 there were 168 snowboarders at the ski resort on Friday there were the same number of people at the ski resort on Saturday as there were on Friday how many more skiers were there than snowboarders at the ski resort on Saturday

Answers

Answer:

There are 46 more skiers than snowboarder

Step-by-step explanation:

Given

Ratio of Snowboarders to Skiers

On Friday:

[tex]Ratio = 8 : 3[/tex]

On Saturday:

[tex]Ratio = 4 : 7[/tex]

Population = 168

Required

Determine the difference in the number of skiers and snowboarders on Saturday

On Saturday, we have

[tex]Ratio = 4 : 7[/tex]

Calculate Total

[tex]Total = 4 + 7[/tex]

[tex]Total = 11[/tex]

Calculate the number of skiers

[tex]Skiers = \frac{7}{11} * 168[/tex]

[tex]Skiers = \frac{1176}{11}[/tex]

[tex]Skiers = 107[/tex] (Approximated)

Calculate the number of snowboarders

[tex]Snowboarders = \frac{4}{11} * 168[/tex]

[tex]Snowboarders = \frac{672}{11}[/tex]

[tex]Snowboarders = 61[/tex] (Approximated)

Calculate the difference

[tex]Difference = 107 - 61[/tex]

[tex]Difference = 46[/tex]

Hence, there are 46 more skiers than snowboarder

Answer:63

Step-by-step explanation:

¿Por que 10/25 es equivalente a 2/5?

Answers

Answer:

because if u divide the top and bottom by 5, you'll get 2/5

Step-by-step explanation:

Answer: Porque dividir ambos por 5 y eso es lo más bajo que pueden ir

Step-by-step explanation:

10 / 5 = 2

25 / 5 = 5

Haley had 2 blue marbles, 2 red marbles, and 4 green marbles. She gave 1 4 of her marbles to Amy and 2 4 of her marbles to Sue. What is the total number of marbles that Haley gave to Amy and Sue?

Answers

The amount is 6.
Hope you have a nice day.

Find m∠XYZ in the figure if ∠XYZ and ∠PQR are supplementary angles. please explain your answer Question 1 options: A) 83° B) 7° C) 173° D) 97°

Answers

Answer:

It's D) 97°

Step-by-step explanation:

Just stick this in ya brain

Supplementary angles => sum => 180

Answer:

D

Step-by-step explanation:

So, we know that ∠XYZ and ∠PQR are supplementary angles. This means that their total sum is 180 degrees. In an equation, this is:

[tex]\angle PQR+\angle XYZ=180[/tex]

Since we already know the measure of PQR, substitute 83 for PQR:

[tex]83+\angle XYZ=180[/tex]

Subtract 83 from both sides:

[tex](83+\angle XYZ)-83=(180)-83\\\angle XYZ=97\textdegree[/tex]

The answer is D

z = 73i - 32
What is the real part of z ?
What is the imaginary part of z?

Answers

Answer:

real: -32imaginary: 73

Step-by-step explanation:

The real part is everything that does not multiply i. The imaginary part is everything that does multiply i.

Conventionally, the real part is written first:

  z = -32 +73i

Re(z) = -32

Im(z) = 73

find the 40th term of an AP where 12th term is 45 and 17th term is 80.

Answers

Answer:

40th term = 241.

Step-by-step explanation:

17th term:

=  a1 + 16d = 80

12th term

=  a1 + 11d = 45       Subtracting the 2 equations:

5d = 80 - 45 = 35

d = 7

and a1 + 16(7) = 80

a1 = 80 -112 = -32.

Therefore the 40th term = -32 + 39*7

= 241.

(7y2 - 3y)-(4y2 + 2y- 2)

Answers

Answer:

Step-by-step explanation:

7y^2 - 3y - 4y^2 -2y + 2

3y^2 - 5y + 2

PLEASE GIVE A GOOD EXPLANATION FOR A FREE BRAINLIEST: 26.8 + 0.65 - 0.028 =

Answers

[tex]\boxed{27.422}[/tex]

We will use order of operations to add and subtract from left to right to solve this equation.

26.8 + 0.65 = 27.45

The equation now looks like:

27.45 - 0.028 = 27.422

Therefore, your answer is 27.422.

Answer:

ok so

  26.8

+   0.65

----------------

  27.45

-    0.028

----------------

27.422

Step-by-step explanation:

uhh just math

A basketball player scored 351 points last year. If the player plays 18 games this year, how many points will he need to average per game to beat last year’s total?

Answers

Answer:

The answer is C in my opinion and it is one of confusing question i have ever seen

Step-by-step explanation:

If he scored 351 points last years and he plays 18 games this year and if we want to know the points that he need to beat last year score in thsi year we need to divide 351÷18=19.5 so he will need to have no morethan 20 points because 19.5 is also enough to get the score

I hope u like it

divide 9y power 2 by 3

divide (8x power 2 +4x ) by 2x​

Answers

Answer:

1=27

2=34

Step-by-step explanation:

1)9y power 2÷3

or, y=9 power 2÷3

or, y=9×9÷3

or, y=81÷3

or, y=27

2) (8x power 2+4x)÷2

=(8x×8+4x)÷2

=(64x+4x)÷2

=68x÷2

or, x=68÷2

or, x=34

Beverly Hibbs earns $683.00 a week. She is single and claims 2 allowances. What amount is withheld weekly for federal income tax

Answers

Answer:

$18 per week

Explanation:

google

The amount that is withheld weekly for federal income tax is $52.25

Federal Insurance Contribution Act is the legal organization used in the United States which contain the rules and regulations applied for calculating payroll taxes on the paychecks of the employee. The tax process is contributed by both the employees as well as the employers for funding the social security and Medicare programs.

The rate of federal tax withheld for the weekly paycheck is:

= 6.2% of social security + 1.45% for medicare

= 7.65% of the gross weekly pay.

If Beverly Hibbs earns $683.00 a week, the amount withheld weekly by the Federal income tax is:

= 0.0765 × 683

= $52.25

Learn more about federal income tax here:

https://brainly.com/question/17092810?referrer=searchResults

is 1,600 1 tenth of 16,000

Answers

Answer:

true

Step-by-step explanation:

16,000 / 10 = 1,600

Name a positive or negative number to represent a drop of 10°F in the temperature.

Answers

The answer would be -10.

4+3(15-2^(3)) Simplify the equation....

Answers

Answer:

25

Step-by-step explanation:

[tex]4+3\left(15-2^3\right)\\\\3\left(15-2^3\right)=21\\\\=4+21\\\\=25[/tex]

Answer:

25

Step-by-step explanation:

4+3(15-2^(3)

4+3(15-(2*2*2)

4+3(15-8)

4+3(7)

4+21=25

An item is on sale for $100. If it was discounted by 20%, what was the original selling price?

Answers

Answer: The original price was  $125

Step-by-step explanation:

If an item is on sale for $100 and it was discounted by 20%  then we could set up an equation and solve for the original price.

Remember if there were 20% discount then 80% of the price will be left.

80% * x = 100    

0.8x =100

x = 125

Step-by-step explanation:

We have :

• Selling Price = $100

• discount = 20%

As we know

• Selling Price = Cost - Discount

Now we have

• Discount = 20%

Let cost be x

→ Selling Price = x - 20% of x

→ selling price = 80% of x

→ 80% of x = 100

→ 80/100 x = 100

→ x = 100 × 100 / 80

→ x = $ 125

write an equation for each line :

m = -4 and the y-intercept is 3

Answers

Answer:

y = -4x + 3

Step-by-step explanation:

m = slop

b = y-int

y = mx + b

please help me solve this problem!!!

Answers

Answer:

w = 9

Step-by-step explanation:

We can use ratios to solve

2        3

---- = ------

6         w

Using cross products

2w = 3*6

2w = 18

Divide by 2

w = 9

One box of colored pencils has 9•10 to the power of 6 pencils . Another box has 10 to the power of 3 pencils. What is the total number of pencils in both boxes

Answers

the box with the colored pencils total is 540, and the box with the pencils is 1,000

here’s the step by step as well

(Colored Pencils)
9•10^6
10^6 = 60 • 9 = 540

(Pencils)
10^3 = 1,000

and if you’re getting the sum of both combined, it’s 1,540. hoped this helped!

Jason's monthly practice time on the piano is 35 hours. This month, he has practiced 8.5 hours in week 1, 12 hours in week 2, and 5.5 hours in week 3. How many more hours of practice time does Jason need to complete?

Answers

Given :

Monthly practice time , T=35 hours .

This month, he has practiced 8.5 hours in week 1, 12 hours in week 2, and 5.5 hours in week 3.

To Find :

Many more hours of practice time does Jason need to complete .

Solution :

Number of hours he practice in week 1 , [tex]t_1=8.5\ hours[/tex] .

Number of hours he practice in week 2 , [tex]t_2=12\ hours[/tex] .

Number of hours he practice in week 3 , [tex]t_3=5.5\ hours[/tex] .

Now , number of hours left is :

[tex]t=T-t_1-t_2-t_3\\\\t=35-(8.5+12+5.5)\ hours\\\\t=8\ hours[/tex]

Hence , this is the required solution .

needing help!!!! pls help

Answers

Answer:

110 = z

Step-by-step explanation:

Since these figures are similar, the angles have to be the same measure

<A =< E

<B = < F

<C = <G

<D = <H

110 = z

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