Mr. Hamilton has 60,000 to invest in a tax-free fund and in a money market fund. The tax-free fund pays 7.5%, and the money market pays 8.5%. How much should he invest in tax-free to get a return of $4,790?

He should invest $31,000 in tax-free to get a return of $4,790

Step-by-step explanation:

Let the amount he will invest in tax-free be $x while the amount in money market be $y

Adding both we have the total;

x + y = 60,000 ••••••••(i)

Then let’s work with the percentages;

7.5% of x + 8.5% of y = 4,790

7.5/100 * x + 8.5/100 * y = 4,790

7.5x/100 + 8.5y/100 = 4790

multiply through by 100

7.5x + 8.5y = 479000 ••••••(ii)

From i, y = 60,000 - x

Put this into ii

7.5x + 8.5(60,000-x) = 479000

7.5x + 510,000 -8.5x = 479000

8.5x - 7.5x = 510,000 - 479,000

x = $31,000

the first question mark is 6 and the second question mark is 26 (the square root)

step-by-step explanation:

points are handed out whenever you post answers.

brainliest answers are handed out by the person asking the question, so whether your answer is picked depends entirely on whether the asker bothers to pick

if you're asking about your rank, it depends on having a certain number of points and a certain number of brainliest answers. for example, at the time of this writing, i have 44338 points out of 15000 needed for the next (nearly triple the requirement! ) but i only have 24 out of 50 required brainliest answers. this number decays, meaning after a certain amount of time (i think about a month), the total number of brainliest answers you've earned doesn't count toward this total. (i've been stuck at the same rank for a long

the lesson to learn here is that you shouldn't worry about points or rank. chances are, no matter how good an answer you may provide, your efforts will go mostly unnoticed unless you focus on the newest/most active questions that get posted.