An actor invests some money at 7%, and $48000 and more than twotimes the amount of 9%. The total annual interest earned from the investment is $17820. How much did he invest at each amount?

At 7% $54,000

At 9% $156,000

Step-by-step explanation:

Let x be the amount invested at 7%, Then 2x + 48000 will be the amount invested at 9%

We know that:

7% = 0.07 & 9% = 0.09

So we can write the interest equation as follows:

0.07x + 0.09 (2x + 48000) = 17820

0.07x + 0.18x + 4320 = 17820

0.25x + 4320 = 17820

Subtracting 4320 from both sides of the equation we get:

0.25x = 17820 - 4320

0.25x = 13500

Dividing both sides of the equation by 0.25 we get:

x = 13500 / 0.25

x = $54,000 invested at 7%

&

2 x 54000 + 48000

= $156,000 invested at 9%

Hence the amount invested at 7% is $54,000.

& the amount invested at 9% is $156,000.

answer:

payment just for service  

→

$

87.12

payment for service including tax

→

$

94.09

explanation:

service only with 20% tip  

→

$

72.6

(

1

+

20

100

)

=

$

87.12

in the opening of the question the word 'service' is associated only with the pretax value.

the closing part of the question asks: how much did she pay for the  

service

−−−−−−  

so technically the answer is  

→

$

72.6

(

1

+

20

100

)

=

$

87.12

however, the intention of the question provider may have been that your answer is to be  

$

87.12

(

1

+

8

100

)

=

$

94.09

to 2 decimal places.

'

payment just for service  

→

$

87.12

payment for service including tax

→

$

94.09

tony b

mar 21, 2017

answer:

trying to explain it another way

explanation:

service charge  

.

→

$

72.60

20% tip  

20

100

×

$

72.60

=

$

14.52

−−−−−−  

←

add

$

87.12

tax  

8

100

×

$

87.12

=

$

6.97

−−−−−  

←

add

$

94.09

related questions

nlgqer

step-by-step