Question

Please help with the math and explain every step ty and *40 points* will mark brainless

Answer 1

see below

Explanation:

5000

60% = 3000 in stocks

year 1 gain 9% = 3000*1.09 =3270

year 2 loss 4% = 3270*(1-4%) =3139.2

40% = 2000 in savings

year 1 earn 4.9% = 2000*1.049 = 2098

year 2 earn 4.9% = 2098*1.049=2200.8

TOTAL in 2 years = 3139.2+2200.8 = 5340

so gain = 5340-5000 =340

if all only in savings:

5000*(1.049)² = 5502