## Hector is deciding how much he should invest each year. The Automatic Method multiplies the average income by 10%, where the average income

Question

Hector is deciding how much he should invest each year. The Automatic Method multiplies the average income by 10%, where the average income is $50,000 for an employee that has been at the same company for 10 years or less and $60,000 for an employee that has been at the same company for more than 10 years. The Exact Method multiplies the exact income by 7.5%. Suppose Hector has been at the same company for 12 years and his income last year was $75,000. Find the amount Hector should invest using both methods.

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Mathematics
12 mins
2022-05-14T11:58:34+00:00
2022-05-14T11:58:34+00:00 1 Answer
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## Answers ( )

Using

proportions, it is found that:Automatic Method, Hector should invest$6,000.Exact Method, Hector should invest$5,625.——————–

Automatic Method, an employee that has been on the company for more than 10 years invests$60,000 multiplied by 10% = 0.1.Thus:

Using the

Automatic Method, Hector should invest$6,000.Exact Method, it’s his exact income, which is$75,000 multiplied by7.5% of it, that is,0.075.Thus:

Using the

Exact Method, Hector should invest$5,625.A similar problem is given at https://brainly.com/question/18131403