115k views
0 votes
Shawn has two investments which both are compounded annually. Investment x earns 5% interest, and investment y earns 7% interest. Each year Shawn has to pay an 18% tax on the net gain of her investments to the IRS. Which equation can Shawn use to determine the amount of money, t, she will need to pay the IRS?

User Gur Telem
by
5.8k points

1 Answer

2 votes

Answer:

0.18(0.05x + 0.07y) = t

explanation:

Trust me

User TigerFinch
by
4.8k points