Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please help me with these business math equations. 4. Ahmed wishes to have a return of 5.5% on his two investments annually. If he has

please help me with these business math equations. image text in transcribed
image text in transcribed
image text in transcribed
4. Ahmed wishes to have a return of 5.5% on his two investments annually. If he has SAR 10,000 invested at 5%, how much additional money should be invested at 8% ? 5. Mr. Al-Qahtani has twice as much money invested at 9% than at 5%. If the annual income of the two investments is SAR1,610, how much is invested at each rate? 3. A buyer of an appliance store bought a supply of electric fans at SAR100 per electric fan. One-half in the supply of these electric fans were sold at SAR115 each and the other half were sold at SAR125. If the gross profit was SAR1,600, how many electric fans were in the supply

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Personal Financial Planning

Authors: Lawrence J. Gitman, Michael D. Joehnk

11th Edition

0324422865, 978-0324422863

More Books

Students also viewed these Finance questions

Question

Describe different approaches to knowledge management

Answered: 1 week ago