Mathematics
01.09.2022 15:14
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Paul has $20,000 to invest. His intent is to earn 11% interest on his investment.

Paul has $20,000 to invest. His intent is to earn 11% interest on his investment. He can invest part of his money at 8% interest and part at 12% interest. How much does Paul need to invest in each option to make get a total 11% return on his $20,000?
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gamboaserg
gamboaserg
4,7(49 marks)

In the 8% option , $5,000 should be invested

In the 12% option, $15,000 should be invested

Step-by-step explanation:

Let’s start with the total return.

Since the total return expected is 11%, the amount expected to be returned will be;

11/100 * 20,000 = $2,200

Now, let the amount invested at 8% interest be $x while the amount invested at 12% interest be $y

Mathematically;

x + y = 20,000 ••••••(i)

Now let’s work with the interest part;

On the 8% part, amount of interest expected is 8/100 * x

on the 12% part, amount of interest expected is 12/100 * x

8% of $x + 12% of $y = 2,200

Writing this fully mathematically, we have;

(8/100 * x) + (12/100 * y) = 2,200

8x/100 + 12y/100 = 2,200

Multiply through by 100

8x + 12y = 220,000 ••••••(ii)

Now we have two equations to solve simultaneously;

x + y = 20,000

8x + 12y = 220,000

From i, x = 20,000-y

Substitute this into ii

8(20,000-y) + 12y = 220,000

160,000-8y + 12y = 220,000

4y = 220,000 - 160,000

4y = 60,000

y = 60,000/4

y = $15,000

x = 20,000 -y

x = 20,000 - 15,000

x = $5,000

kaya1523
kaya1523
4,4(83 marks)

The coefficient 3.99 represent the cost of one bottle of nail polish.

Step-by-step explanation:

Given:

The equation to represent the amount of money left after buying 'p' bottles of nail polish is given as:

25-3.99p

The remaining amount with Itzel can be calculated as:

Remaining amount = Initial amount - Cost of 'p' bottles.

The above expression tells us two things:

1. Initial amount of money Itzel has was 25.

2. The cost of 'p' bottles of nail polish is 3.99p.

Therefore, the cost of one bottle is calculated using the unitary method is given as:

\textrm{Cost of 1 bottle}=\frac{\textrm{Cost of 'p' bottles}}{\textrm{Number of bottles}}\\\\\textrm{Cost of 1 bottle}=\frac{3.99p}{p}=3.99

Therefore, cost of 1 bottle of nail polish is 3.99. Hence, coefficient 3.99 represent the cost of one bottle of nail polish.

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