A family wins $25,000 in the lottery. Of this money, half goes toward a new car, one-tenth goes into savings, and the rest is put into investments. How much did the family invest?
$25,000 - .5(25,000) - .1(25,000) = ?
11,250
In 1980 median family income was about 17000 and in 2000 it was about 43000
Find the slope of the line passing through the points 1980,17000 and 2000,43000
Interpret the slope as a rate of change. If it's trend continues estimate the Median family income in 2002
In the asvab book answer is 10000 but that's wrong it's really 11250. 1 tenth is 1250...so odd..
To find out how much the family invested, we need to follow the steps provided in the question.
Step 1: Determine the amount of money that went toward the new car.
The question states that half of the total amount goes toward a new car. To calculate this, we can use the formula: amount_of_money_for_the_new_car = total_amount * (1/2).
In this case, the total amount is $25,000. So, the amount of money that went toward the new car is $25,000 * (1/2) = $12,500.
Step 2: Determine the amount of money that went into savings.
The question states that one-tenth of the total amount goes into savings. To calculate this, we can use the formula: amount_of_money_in_savings = total_amount * (1/10).
Again, the total amount is $25,000. So, the amount of money that went into savings is $25,000 * (1/10) = $2,500.
Step 3: Calculate the remaining amount that was put into investments.
To find out how much money was put into investments, we need to subtract the amount spent on the new car and the amount put into savings from the total amount.
Remaining_amount_for_investments = total_amount - amount_of_money_for_the_new_car - amount_of_money_in_savings
Remaining_amount_for_investments = $25,000 - $12,500 - $2,500 = $10,000.
Therefore, the family invested $10,000.