Assignment:
Q1. Insurance settlement. Gary invested one-third of his insurance settlement in a CD that yielded 12%. He also invested one-third in Tara's computer business. Tara paid Gary 15% on this investment. If Gary's total income from these investments was $10,800 for 1 year., then what was the amount of his insurance settlement?
Q2. Toy sales. In 2003 Toys r Us and Wal-Mart together held 38% of the toy market share. If the market share for Toys r Us was 4 percentage points lower than the market share for Wal-Mart then what was the market share for each company?
Q3. Mixed nuts. Cashews sell for $1.20 per quarter pound and Brazil nuts sell for $1.50 per quarter pound. How many pounds of cashews should be mixed with 20 pounds of Brazil nuts to get a mix that sells for $1.30 per quarter pound?
Provide complete and step by step solution for the question and show calculations and use formulas.