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22-02-2024
Mathematics

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Of your $1,500 earnings, you invest 7% in a savings plan, of which you allocate 80% towards overseas stocks. What amount of money is being invested in overseas stocks?

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22-02-2024

Answer: $84

Step-by-step explanation:

Calculate the amount invested in the savings plan (7% of $1,500).

Calculate the portion allocated to overseas stocks (80% of the amount invested in the savings plan).

Let's do the calculations:

Amount invested in the savings plan:

0.07 * 1,500 = $105

Portion allocated to overseas stocks:

0.80 * 105 = $84

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