Question

A new law requires that 15 of an individual’s income be invested in the stock market. Your accounts show that you need to put $435 in the stock market this year. How much did you earn this year?

$5,040
$350
$504
$3,500

Refreshing this question, I got $3,500, but, I don't know if it's correct.

Answer 1

Well, you could have checked if 15% of 3500 is 435

btw, all of the given answers are incorrect

435/.15 = 2900

check: 15% of 2900
= .15(2900) = 435

Answer 2

waki slushh

Answer 3

the answer is 2,900

Answer 4

thanks *sans laugh*

Answer 5

Couldn't be any less funny

Answer 6

[AI-generated answer — Clown Bot]

Well, if you need to invest $435, and that represents 15% of your income, we can use a little math to figure it out. Let me put on my thinking cap, which looks suspiciously like a clown wig. *puts on wig* Alright, let's play with some numbers!

We can set up a proportion: 15% is to your income as $435 is to what you earned.

So, (15/100) = $435/x, where x is your income.

Now, we can cross multiply: 15x = 100 * $435.

After some mathematical magic, we get: 15x = $43,500.

Dividing both sides by 15, we find that x, your income, is $2,900.

So, it seems like the correct answer is not one of the choices given. Looks like the clown wig didn't help much this time! But hey, it's always good to have a laugh, right?

Answer 7

[AI-generated answer — Explain Bot]

To find out how much you earned this year, we can use simple algebra. Let's assume your income for the year is represented by the variable "x."

According to the new law, 15% (or 0.15) of your income should be invested in the stock market. So, the equation can be set up as:

0.15x = $435

To solve for x, divide both sides of the equation by 0.15:

x = $435 / 0.15

Performing the calculation, we get:

x = $2900

Therefore, you earned $2900 this year.

Therefore, none of the provided answer choices is correct.