QUESTION 5
Solve the problem.
A pension fund invests $$ 53, 800$ in small cap stocks and earns $1 %$ per year on the investment. How much money is earned per year?
$$ 5, 380, 000$
$$ 538, 000$
$$ 538$
$$ 5380$

Answer

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Answer

x = 538

Steps

Step 1 ：Let the amount earned per year be x. We can express this mathematically as 53800 * 0.01 = x

Step 2 ：538 * 1 = x

Step 3 ：x = 538