Vern sold his 1964 Ford Mustang for $55,000 and wants to invest the money to earn him 3.6% interest per year. He will put some of the money into Fund A that earns 2% per year and the rest in Fund B that earns 10% per year. How much should he invest into each fund (in dollars) if he wants to earn 3.6% interest per year on the total amount?

He should invest $44000 in fund A and $11000 in fund B.

Step-by-step explanation:

Let x represent the amount which he invested in fund A.

Let y represent the amount which he invested in fund B.

Vern sold his 1964 Ford Mustang for $55,000 and wants to invest the money to earn him 3.6% interest per year. He will put some of the money into Fund A that earns 2% per year and the rest in Fund B that earns 10% per year.. This means that

x + y = 55000

The formula for determining simple interest is expressed as

I = PRT/100

Considering fund A,

P = $x

T = 1 year

R = 2℅

I = (x × 2 × 1)/100 = 0.02x

Considering fund B,

P = $y

T = 1 year

R = 10℅

I = (y × 10 × 1)/100 = 0.1y

The interest that he wants to earn on the total amount in a year is 3.6%. The interest would be

I = (55000 × 3.6 × 1)/100 = 1980

Therefore,

0.02x + 0.1y = 1980 - - - - - - - - - -1

Substituting x = 55000 - y into equation 1, it becomes

0.02(55000 - y) + 0.1y = 1980

1100 - 0.02y + 0.1y = 1980

- 0.02y + 0.1y = 1980 - 1100

0.08y = 880

y = 880/0.08

y = 11000

x = 55000 - y = 55000 - 11000

x = 44000

answer

a,b, and d

explanation

a reflection angle is more than

but less than;

an angle that measures

is a reflex angle.(true)

an angle that measures less than

is acute.(true)

provided we are considering angles greater or equal to zero.

an acute angle lies in the range.

an obtuse angle is less than 180° but more than 90°

an angle that measures 300° is obtuse (false)

an angle that measures 65° is an acute angle.(true)

it is 10.6 according to my calculations