FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

i need help with this word problem Textbook Videos A bank loaned out $10,500, part of it at the rate of 4% annual interest, and

i need help with this word problem

image text in transcribed
Textbook Videos A bank loaned out $10,500, part of it at the rate of 4% annual interest, and the rest at 9% annual interest. The total interest earned for both loans was $495.00. How much was loaned at each rate

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

blur-text-image

Step: 3

blur-text-image

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

Integrated Accounting For Windows

Integrated Accounting For Windows

Authors: Dale A. Klooster, Warren Allen

6th Edition

0324664850, 9780324664850

More Books

Students also viewed these Accounting questions

Question

★★★★★
What sort of reconciliations is required for segmented reporting?

Answered: 1 week ago

Question

★★★★★
What other factors, besides guessing, might contribute to extremely low or high levels of variability in knowledge test scores?

Answered: 1 week ago

Question

★★★★★
2. Give students self-checking or self-editing guides that focus on common mistakes or have them work in pairs to improve each others worksometimes it is difficult to pay attention to your own errors.

Answered: 1 week ago

Question

★★★★★
Grodski Inc. produces and distributes fiber optic cable for use by telecommunications companies. Grodski Inc. issued $24,000,000 of 20-year, 10% bonds on April 1 at their face amount, with interest...

Answered: 1 week ago

Question

★★★★★
Waterway Corp. is a manufacturer of specialty in-line skates. The operating results for 2022 are as follows: Units produced 19,500 pairs Units sold 18,000 pairs Selling price $215.00 per pair...

Answered: 1 week ago

Question

★★★★★
Intro Office Min has $154,000 in accounts payable, $256,000 in 9% notes payable, and $650,000 of 7% long-term bonds outstanding. The company does not have any preferred stock and its marginal tax...

Answered: 1 week ago

Question

★★★★★
What is meant by organisational theory ?

Answered: 1 week ago

Question

★★★★★
What is meant by decentralisation of authority ?

Answered: 1 week ago

Question

★★★★★
Briefly explain the qualities of an able supervisor

Answered: 1 week ago

Question

★★★★★
Define policy making?

Answered: 1 week ago

Question

★★★★★
Define co-ordination?

Answered: 1 week ago

Question

★★★★★
11. In what environment or contexts is it the value you want others to associate you with that the value can best be expressed in? Do you seek out these contexts to learn?

Answered: 1 week ago

Question

★★★★★
2. In this chapter, the reader should reflect on the following concepts: action strategies, values and criteria.

Answered: 1 week ago

Question

★★★★★
1. Too understand personal motivation.

Answered: 1 week ago

Previous Question Next Question