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coxes8iatesl8eliamCa coxes8iatesl8eliamCa
  • 09-01-2017
  • Mathematics
Answered

A new law requires that 15% of an individual’s income be invested in the stock market. your accounts show that you need to put $435 in the stock market this year. how much did you earn this year?

Verified Answer :

MissPhiladelphia
MissPhiladelphia MissPhiladelphia
  • 12-01-2017

This can be solve using the formula:

S = rE

Where S is the amount you need to put in the
stock market

r is the percentage you need to put

E is the yearly earnings

 

S = rE

432 = 0.15E

E = $ 2900 

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