A Grocer Wishes to Mix Two Kinds of Nuts Costing $2.26 x + 3.93 ( 124 - x ) = 292.64$

question 112

Multiple Choice

A grocer wishes to mix two kinds of nuts costing $2.26 per pound and $3.93 per pound to make a 124 pounds of mixed nuts costing $2.36 per pound. To determine the number of pounds of the $2.26 per pound nuts in the mixture, solve for x in the equation $2.26 x + 3.93 ( 124 - x ) = 292.64$ . How many pounds of the $2.26 per pound nuts should be included in the mixture? Round to the nearest pound.

• A) \(7\) pounds
• B) \(62\) pounds
• C) 5 pounds
• D) \(82\) pounds
• E) \(117\) pounds

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Definitions:

Annual Payments

Payments made once a year as part of a financial agreement, such as loans, annuities, or investments.

Compounded Quarterly

Interest calculation method where interest is added to the principal sum at the end of every quarter, leading to interest earnings on interest.

Investing

The practice of assigning funds with the aim of producing income or profit.

Monthly

Occurring every month or once a month.