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Sagot :
Answer:
The amount invested in the investment that yields an interest rate of 4.75% is $441,000.
The amount invested in the investment that yields an interest rate of 6.25% is $819, 000.
What is the income tax paid by the farmer?
Income tax is the tax levied by the government on the income of individuals or companies.
Income tax = tax rate x income
30% x $1,800,000
= 0.3 x $1,800,000.
= $540,000
After tax income = $1,800,000 - $540,000 = $1,260,000
System of equations that can be determined from the question
a + b = $1,260,000 equation 1
0.0475a + 0.0625b = $72,135 equation 2
Where:
a = amount invested in the investment that yields an interest rate of 4.75%
b = = amount invested in the investment that yields an interest rate of 6.25%
What is the value of b?
In order to determine the value of b, take the following steps:
Multiply equation 1 by 0.0475
0.0475a + 0.0475b = 59,850 equation 3
Subtract equation 3 from equation 2
12,285 = 0.015b
Divide both sides of the equation by 0.015
b = $819, 000
What is the value of a?
a + $819,000 = $1,260,000
a = $1,260,000 - $819,000
a = $441,000
Step-by-step explanation:
Hii this is not my answer this was from another same question you asked but i hope this helps ^^
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