You invested $80,000 in two accounts paying 5% and 7% annual interest. If the total interest earned

Question:

You invested $80,000 in two accounts paying 5% and 7% annual interest. If the total interest earned for the year was $5200, how much was invested at each rate?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

College Algebra

ISBN: 9780134453262

7th Edition

Authors: Robert F Blitzer

See More Books

Question Posted: May 27, 2023 07:03 AM

See More Questions

You invested $7000 in two accounts paying 6% and 8% annual interest. If the total interest earned for the year was $520, how much was invested at each rate?
You invested $11,000 in two accounts paying 5% and 8% annual interest. If the total interest earned for the year was $730, how much was invested at each rate?
You invested $19,000 in two accounts paying 6% and 8% annual interest respectively. If the total interest earned for the year was 1500, how much was invested at each rate?
Write C++ statements to do the following. a. Declare int variables num1 and num2. b. Prompt the user to input two integers. c. Input the first number in num1 and the second number in num2. d. Output...
List the three inventory accounts used by manufacturing companies and describe each.
11. After retiring, you want to be able to take $1000 every month for a total of 20 years from your retirement account. The account earns 6% interest. How much will you need in your account when you...
Think about a change you attempted this year in school (such as a change in study habits, your social life, or your extracurricular activities). Identify the status quo before you made the change....
You have the following information for Goodspeed Diamonds. Goodspeed Diamonds uses the periodic method of accounting for its inventory transactions. Goodspeed only carries one brand and size of...
Your annoying neighbors always boast that their home doubled in value in 8 years. If their claim is true, what annual return does it imply?
In Exercises 110113, determine whether each statement makes sense or does not make sense, and explain your reasoning. This diagram illustrates that f(g(x)) = x 2 + 4. 1st Input X f(x) 1st Output x...
Explain how to determine whether a relation is a function. What is a function?
What type of research design would you recommend in the situations below? For each applied business research project, what might be an example of a deliverable? Which do you think would involve...
What is brand awareness for Jam & Daisies ? their leaning advantage, consideration advantage, choice advantages? 5. what is the recommendation of brand awareness? 6. What is Brand recognition? 7....
On August 1st, Custom Car Co's work in process inventory was $24900; its raw materials inventory was $6000; manufacturing overhead had a $1800 debit balance. Work in Process Subsidiary Data 8/1:...
Case: Castoro & Partners, CPAs is auditing Cloud 9 for the FY2023. Cloud 9 is a small public company and has been an audit client of Castoro & Partners since 2018. Materiality Methodology: Overall...
1)Solve the following differential equations by Undetermined Coefficient Method. dy dx dy - 4- 4+ 4y = 16x2e2x dx
Every year Monty Industries manufactures 8,600 units of part 231 for use in its production cycle. The per unit costs of part 231 are as follows: Direct materials Direct labor Variable manufacturing...
Deductible business or investment expenses must be related to a profit-motivated activity. a. What are the factors used in determining whether an activity is profit-motivated? b. Why are these...
Consider the reaction of acetic acid in water CH 3 CO 2 H(aq) + H 2 O(l) CH3CO 22 (aq) + H 3 O + (aq) where Ka 5 1.8 3 1025. a. Which two bases are competing for the proton? b. Which is the stronger...
Fill in the blank(s) to correctly complete each sentence. Some sequences are defined by a(n) _________definition, one in which each term after the first term or the first few terms is defined as an...
Fill in the blank(s) to correctly complete each sentence. The sum of the terms of a sequence is a(n)___________. It is written using the Greek capital letter symbol ______ to indicate a sum.
Answer each of the following. Complete a table of values for the sequence an = 5 n + 2 using n = 1, 2, 3, 4, 5.
The tolal landed coet with the order gaantly sire of 6,000 unts is 4 (Enter your response roundod to the nearest dolar)
Boyne Inc. had beginning inventory of $12,000 at cost and $20,000 at retail. Net purchases were $120,000 at cost and $170,000 at retail. Net markups were $10,000, net markdowns were $7,000, and sales...
Apple inc. CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (In milions, except number of shares which are reflected in thousands and par value) LABILITES AND SHAREHOLDERS' EQUITY: Current...

You invested $80,000 in two accounts paying 5% and 7% annual interest. If the total interest earned

Question:

Step by Step Answer:

Let x the amount invested at 5 Let 80000x ...View the full answer

College Algebra

Students also viewed these Mathematics questions