4. In 2012, an estimated 7.8 million Mexican-born immigrants were employed in th

Question

4. In 2012, an estimated 7.8 million Mexican-born immigrants were employed in the United States. L025.3 a. If 60 percent of the Mexican-born immigrants remitted money to family members in Mexico in 2012, and if they each sent $100 per month, how much money did they remit in total? b. If, instead, 100 percent of the Mexican-born immigrants remitted money to family members in Mexico in 2012, and if they each sent $250 per month, how much money did they remit in total? The actual amount remitted to Mexico in 2012 by Mexican- born immigrants living in the United States was about $23 billion. If we assume that 75 percent of the Mexican- born immigrants remitted money to Mexico that year and i we further assume that each of those immigrants re an equal amount each month, how much per each of those immigrants have to remit to to for the year? c. mitted month did tal $23 billion

Explanation / Answer

A. Amount remitted in total in 2012 = 7.8 million * $100 * 0.60 * 12 = 5616 million = 5.616 billion

B. Amount remitted would be = 7.8 million * $250 * 1 * 12 = 23.4 billion

C. 23 billion = 23000 million

Here,

23000 million = 7.8 million * x * 0.75 * 12

X amount = $327.6 (approx)

Related Questions

Navigate

• Browse (All)
• Browse 4
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.