Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 01, 2024

Dorothy divided $14,500 among two accounts paying 11% and 8% interest annually. The interest earned after 1 year in the 8% account was $455

Dorothy divided $14,500 among two accounts paying 11% and 8% interest annually. The interest earned after 1 year in the 8% account was $455 less than that earned in the 11% account. How much money was invested in each account?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Spreadsheet Modeling And Decision Analysis A Practical Introduction To Business Analytics

Authors: Cliff Ragsdale

9th Edition

0357132092, 978-0357132098

More Books

Students also viewed these Mathematics questions

Question

★★★★★

What are the important types of financial intermediaries in the U.S. economy? What are the primary assets of these intermediaries, and how do they facilitate investment spending and saving?

Answered: 1 week ago

Question

★★★★★

Book Company's only asset as of January 1, 2012, was a copyright. During 2012, only the following three transactions occurred: Royalties earned from copyright use, $500,000 in cash Cash paid for...

Answered: 1 week ago

Question

★★★★★

"The main trouble with variable costing is that it ignores the increasing importance of fixed costs in modern manufacturing." Do you agree? Why?

Answered: 1 week ago

Question

★★★★★

If a reversal design was used, was the intervention discontinued for a sufficient period of time? Was the intervention then reinstated with the same desired results?

Answered: 1 week ago

Question

★★★★★

The following gives the number of pints of type A blood used at Woodiawn Hospital in the past 6 weeks: Week Of Pints Used August 31 ......... 360 September 7 ........ 389 September 14 ......... 410...

Answered: 1 week ago

Question

★★★★★

For this assignment you will write a memo, addressed to me, recommending which variances Matthews & Bros. Company should investigate for the period, along with your reasons. The assignment is Problem...

Answered: 1 week ago

Question

★★★★★

Pharoah Inc. reported inventory at the beginning of the year of $400000 and at the end of the year of $451000. If net sales are $4629200 and the corresponding cost of sales totaled $3510375, what is...

Answered: 1 week ago

Question

★★★★★

The performance of 20 students on their final test on statistics in 1992 and for the second class of 20 students in 2017 is shown in the columns below. Class of 1992 Class of 2017 80 100 91 99 91 94...

Answered: 1 week ago

Question

★★★★★

A project manager assigns tasks to a team that is not prepared or skilled in the languages required to implement the solution. The team is not able to complete the deliverables adequately. What type...

Answered: 1 week ago

Question

★★★★★

2.) Suppose that X~ NB(4, 0.3), and Y = (X-3) 1/2. Determine the PMF of Y, (y). 3.) Suppose that X~ Exp(1/4) and Y = x - 2. Determine the PDF of Y, fy(y).

Answered: 1 week ago

Question

★★★★★

Let's consider that we have trained a word2vec model from scratch with a vocabulary size of 20,000, having 500 neurons in the hidden layer. What will be the size of the word embedding of each word?...

Answered: 1 week ago

Question

★★★★★

From the following Information for the month ending October, 2013, prepare Process Cost accounts for Process III. Use First-in-fist-out (FIFO) method to value equivalent production. Direct materials...

Answered: 1 week ago

Question

★★★★★

Question text Analysis and Interpretation of Profitability Balance sheets and income statements for Target Corporation follow. Income Statement For Fiscal Years Ended ($ millions) 2008 2007 2006...

Answered: 1 week ago

Question

★★★★★

F.(3e* -2x 3 sin(2x)) is equal to 2 3 Cos 8. IT 3, t (4+@ 2 3, 1+o 1 4 Cos 4 4 1 3. 1 +4cos V7 (1+o 4 1 4 Cos 4 1+0 4-

Answered: 1 week ago

Question

★★★★★

Is it always true that money now is worth more than the same amount of money received a year from now? (LO 3)

Answered: 1 week ago

Question

★★★★★

What are the major objectives in capital bud geting? (LO 1,2)

Answered: 1 week ago

Question

★★★★★

What does return mean? (LO 3)

Answered: 1 week ago

Previous Question Next Question