Kamran wins the big game lottery. He invests part of his winnings in treasury bonds promising a 5% annual return and he deposits the rest in a money market account which promises a 3.75% annual yield. He invests $5000 more in treasury bonds than he deposits in the money market account. If the annual return on his investments is $661.25 how much did Kamran win?

Amount won by Kamran = $21,450

Step-by-step explanation:

This can be calculated using the following 3 steps:

Step 1: Calculation of the amount invested in treasury bonds

Since the limit to the duration of investment is not stated, the amount invested can be calculated using the formula for calculating the present value of a perpetuity as follows:

PV = P / r …………………………………. (1)

Where;

PV = Present value or the amount invested treasury bonds = ?

P = Annual return on his investments = $661.25

r = Annual rate of return = 5%, or 0.05

Substitute the values into equation (1), we have:

PV = $661.25 / 0.05 = $13,225

Step 2: Calculation of the amount deposited in the money market account

From Step 1 above, we have:

Amount invested treasury bonds = $13,225

Since he invests $5000 more in treasury bonds than he deposits in the money market account, the amount deposited in the money market account can be calculated as follows:

Amount deposited in the money market account = Amount invested treasury bonds - $5,000 = $13,225 - $5,000 = $8,225

Step 3: Calculation of the amount won by Kamran

Amount won by Kamran = Amount invested treasury bonds + Amount deposited in the money market account = $13,225 + $8,225 = $21,450

81 seats

step-by-step explanation:

if you multiply 0.65 times 125 then you get 81.5 seats. well since you can't have half of a seat you have to round down and get 81 seats in the no children zones. that leave 44 seats outside of the no children zone.

the correct answer is you spend $55.78 more in a brand store that buy ing in a normal store.

step-by-step explanation:

brand = spend   $ 135.85 total

store = spend $80.07 total