Devon invested $15,000 in three different mutual funds. A fund containing large cap stocks made a 7.6% return in 1 yr. A
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Devon invested $15,000 in three different mutual funds. A fund containing large cap stocks made a 7.6% return in 1 yr. A
Pierre inherited $197,600 from his uncle and decided to invest the money. He put part of the money in a money market account that earns 4.2% simple interest. The remaining money was invested in a stock that returned 4% in the first year and a mutual fund that lost 2% in the first year. He invested $10,000 more in the stock than in the mutual fund, and his net gain for 1 yr was $2620. Determine the amount invested in each account. Pierre invested S in the money market account, mutual fund. in the stock, and S in the
A basketball player scored 32 points in one game. In basketball, some baskets are worth 3 points, some are worth 2 points, and free-throws are worth 1 point. He scored six more 2-point baskets than he did 3-point baskets. The number of free-throws equaled the sum of the number of 2-point and 3-point shots made. How many free-throws, 2-point shots, and 3-point shots did he make? He made free-throws, 2-point shots, and 3-point shots.
A sawmill cuts boards for a lumber supplier. When saws A, B, and C all work for 7 hr, they cut 8400 linear board-ft of lumber. It would take saws A and B working together 12 hr to cut 8400 ft of lumber. Saws B and C can cut 8400 ft of lumber in 11.2 hr. Find the rate (in ft/hr) that each saw can cut lumber. Saw A cuts at a rate of of ft/hr. ft/hr, saw B cuts at a rate of ft/hr, and saw C cuts at a rate n an