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

Question

1 Approved Answer

jose invests money in two simple interest accounts. he invests four times as much in an account paying 12% as he does in an account

jose invests money in two simple interest accounts. he invests four times as much in an account paying 12% as he does in an account paying 6%. if he earns $216.00 in interest in one year from both accounts combined. how much did he invest all together?

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_2

Step: 3

blur-text-image_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

Banking And Finance

Banking And Finance

Authors: Brian Duignan

1st Edition

1615308946, 978-1615308941

More Books

Students also viewed these Finance questions

Question

★★★★★
On December 31, 2018, Escapee plc leased machinery from Terminator Group for an agreed-upon lease term of 3 years. Escapee agreed to make annual lease payments of 17,000, beginning on December 31,...

Answered: 1 week ago

Question

★★★★★
True Or False The plaintiff opens a case by making the first opening statement and ends a case by making the final closing argument.

Answered: 1 week ago

Question

★★★★★
10.98 Reaction Times II Refer to Exercise 10.97. Suppose that the word-association experiment is conducted using eight people as blocks and making a comparison of reaction times within each person;...

Answered: 1 week ago

Question

★★★★★
In 2005, using $2.5 million in community property, Quinn creates a trust, life estate to his wife, Eve, and remainder to their children. Quinn dies in 2011 when the trust is worth $3.6 million, and...

Answered: 1 week ago

Question

★★★★★
Do you have any experience using data mining or analytics techniques in the past?

Answered: 1 week ago

Question

★★★★★
I need help with these question please. 1. What is a Yield Curve? What does it represent? 2. What is an Inverted Yield Curve? 3. What happens when it becomes inverted and what does that mean?

Answered: 1 week ago

Question

★★★★★
Refer to Figure 12-4. Potential GDP equals $500 billion. The economy is currently producing GDP1 which is equal to $400 billion. If the MPC is 0.8, then how much must autonomous spending change for...

Answered: 1 week ago

Question

★★★★★
Paul Simon shoots a .2 kg puck at 25 m/s and Patrick Roy catches the puck for .3 seconds. How much force does Patrick Roy absorb?

Answered: 1 week ago

Question

★★★★★
Question 4. (11 points) Assume that a closed economy is characterized by the following equations: Consumption: C = 100 + (2/3) (Y -T) Tax: T = 600 Government spending: G = 500 Investment: I = 800 -...

Answered: 1 week ago

Question

★★★★★
1.Suppose you have two part-time jobs, Restaurant Server and Uber Driver. After younger servers start working for less, employers pay only $11 instead of $14 per hour. What happens to your supply of...

Answered: 1 week ago

Question

★★★★★
Problem 1 - Brinell E Rockwell El Bookmark this page Test clue Jul 2?, 202212200 {33 Brinell 8. Rockwell D.Dl'2. points [gradedl Brinell s Rockwell lBaRl is a high-end manufacturer of cutting and...

Answered: 1 week ago

Question

★★★★★
4. Are there any disadvantages?

Answered: 1 week ago

Question

★★★★★
3. What are the main benefits of using more information technology?

Answered: 1 week ago

Question

★★★★★
start to review and develop your employability skills

Answered: 1 week ago

Previous Question Next Question