theres a new law that requires 15% of individuals income to be invested in the stock market your account shows that you need to put $435 in the stock market how much did you earn this year
A.$2,955.00
B. $9,900.00
C. $2,905.00
D. $2,889.50
well, you have .15x = 435
...
To determine how much you earned this year, we need to find the total income before the 15% investment deduction.
Let X represent your total income. We know that 15% of X is equal to $435 (the amount you need to invest).
To find X, we can set up the following equation:
0.15X = $435
To solve for X, we divide both sides of the equation by 0.15:
X = $435 / 0.15
Calculating this, we find:
X = $2,900
Therefore, your total income for the year is $2,900.
Among the given options, the closest amount to $2,900 is C. $2,905.00.