Let's say that the value invested in the account with a rate of 8% is "x", then the amount invested in the account with a rate of 12% is:
To calculate the total interest we need to calculate the interest of each individual account and sum them:
The total interest is the sum of the two expressions above:
The value invested in the account with 8% interest is 830, the one invested in the account with 12% interest is 1280.
These two claims about markup and margin are <u>equivalent</u> because they discuss differently the same issue.
<h3>What are markup and margin?</h3>
A markup is a profit percent added to the cost price to determine the selling price. Thus, markup relates the percentage of profit to the cost price.
The profit margin relates the percentage of profit to the selling price.
<h3>Data and Calculations:</h3>
Selling price = 100%
Profit margin = 25%
Cost price = 75% (100% - 25%)
Markup = 33% (25%/75% x 100)
Thus, these two claims about markup and margin are <u>equivalent</u>.
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Using the normal distribution, it is found that the replacement time that separates the top 18% from the bottom 82% is of 11.23 years.
<h3>Normal Probability Distribution</h3>
The z-score of a measure X of a normally distributed variable with mean and standard deviation is given by:
- The z-score measures how many standard deviations the measure is above or below the mean.
- Looking at the z-score table, the p-value associated with this z-score is found, which is the percentile of X.
In this problem, the mean and the standard deviation are, respectively, given by .
The desired value is the 82nd percentile, which is X when Z = 0.915, hence:
X - 9.4 = 0.915(2)
X = 11.23
The replacement time that separates the top 18% from the bottom 82% is of 11.23 years.
More can be learned about the normal distribution at brainly.com/question/24663213
I don’t see a picture of the problem