Question: Heather has divided $7600 between two investments, one paying 9%, the other paying 4%. If the return on her investment is $484, how much

Heather has divided $7600 between two investments, one paying 9%, the other paying 4%. If the return on her

Heather has divided $7600 between two investments, one paying 9%, the other paying 4%. If the return on her investment is $484, how much does she have in each investment? Do not try to solve each problem algebraically. Instead, make a guess that satisfies one or more conditions of the problem and then evaluate your guess. Keep adjusting your guesses until you have a solution that fits all the conditions of the problem. Heather invested $ at 9%, and $ at 4%.

Step by Step Solution

★★★★★

3.45 Rating (148 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

Let X be the amount invested at 9 and Y be the amount invested at 6 We can set up a ... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Databases Questions!

Are you able to assist with an Excel spreadsheet reflecting the following bullets based on the information provided in the brief mock budget meeting/ voicemail transcript below? Please include the...

Ques 1: What is the major complaint by firms concerning the Sarbanes-Oxley act of 2012? A. the legislative maximum allowable compensation for a CEO. B. the legal requirement to disclose project...

Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...

Heather has divided $7600 between two investments, one paying 9%, the other paying 6%. If the return on her investment is $579, how much does she have in each investment? 1.1.57 Heather has divided...

Heather has divided $ 7 5 0 0 between two investments, one paying 9 % , the other paying 4 % . If the return on her investment is $ 5 1 5 , how much does she have in each investment? Do not try to...

Heather has divided $6700 between two investments, one paying 9%, the other paying 6%. If the return on her investment is $525, how much does she have in each investment? Do not try to solve each...

Glentech Manufacturing is considering the purchases of an automated parts handler for the assembly and test area of its Phoenix, Arizona, plant. The handler will costs $250,000 to purchase plus...

please help me resolve this 1. Apply What You've Learned - Real Estate and High-Risk Investments Scenario: You are considering investing in real estate-both for the short-term cash flows and the...

there are just question papers on this website what about the solutions? FNCE 370v8: Assignment 2 Assignment 2 is worth 5% of your final mark. Complete and submit Assignment 2 after you complete...

1st blank options- half, one third, one quarter, 200% 2nd blank options- rental income, purchase price 3rd blank options- 4.58%, 3.05%, 3.82%, 2.29% 4th blank options- 17.71%, 15.18%, 12.65%, 10.12%...

Bantay Co. allows select customers to make purchases on credit. Its other customers can use either of two credit cards: Zisa or Access. Zisa deducts a 3.5% service charge for sales on its credit card...

A musical instruments retailer has 10,000 point-of-sale transactions out of which 1500 sales included both items of electric guitars and guitar cases, and out of which 750 had sales of new strings....

Evaluate the following limit: lim h 0 l n ( 1 h ) - l n ( 1 ) h ( A ) 1 x ( B ) l n ( x ) ( C ) 0 ( D ) 1 . ( E ) The limit does not exist

1.Explain the differentiation between outstanding cheques and uncleared cheques in your words? 2. Discuss the concept of temporary accounts in closing entries and the summary of a closing process in...

Explain the concept of Online Marketing of financial services. How is it changing the way financial products and services are sold in India? Answer in 1200 words with proper Introduction, Concepts,...

Explain the concept of Online Marketing of financial services. How is it changing the way financial products and services are sold in India?

Question # 5: Total 3 Marks Maria has received an interview call for tomorrow in a big multi-national company. She is a bit nervous as this is her first interview for any job. What suggestions (any...

Appliances Repair and Service Company bills all customers rather than collecting in cash when services are provided. All mail is opened by Tom Gyders, treasurer. Gyders, a CPA, is the most qualified...

The University of Hotel Management offers a six-week program during the summer for hospitality executives. Each summer a different topic is covered, including change management, globalization, and...

In Problem 55, officials 2 and 8 recently had a confrontation with one of the coaches in the game in Athens. They were forced to eject the coach after several technical fouls. The conference office...

Indicate which of the following probabilities are objective and which are subjective. (Note that in some cases, the probabilities may not be entirely one or the other.) a. The probability of snow...

State University is to construct a new student center and athletic complex that will include a bookstore, a post office, theaters, a market, a minimall, meeting rooms, a swimming pool, and weight and...

Researchers believe that up to the age of ___________, individuals possess the ability to understand phonemes of all languages. a. 2 years b. 3 months c. 9 months d. 7 years

In contrast to comparing mental age to chronological age, most modern tests of intelligence use __________. a. age-group comparison norms b. Sterns formula c. creativity assessments d. emotional...

According to Noam Chomsky, what is a language acquisition device? a. a biological element of the brain that allows us to learn language b. an environmental entity that allows people to learn foreign...