Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 22, 2024

Mr. Smith had 2000$ to invest. He invested part of it at sto per year and the remainder at 470 per year.. After one year,

Mr. Smith had 2000$ to invest. He invested part of it at sto per year and the remainder at 470 per year.. After one year, his investment grew. 2095$ How much of the the original investment was at 5% rate? * please explain &

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

Financial Accounting

Authors: Anne Britton, Chris Waterston

4th Edition

0273703609, 978-0273703600

More Books

Students also viewed these Accounting questions

Question

★★★★★

Top managers of Upland Communications Corp. are reviewing company performance for 2017. The income statement reports an 18 percent increase in net income, which is excellent. The balance sheet shows...

Answered: 1 week ago

Question

★★★★★

Create an application that can be used to teach the Italian words for the colors red, yellow, and green. Use the following names for the solution and project, respectively: Colors Solution and Colors...

Answered: 1 week ago

Question

★★★★★

Electric bulbs manufactured in a production unit are packaged in boxes, with each box containing 120 bulbs. The probability that a box has i defective bulbs is 15, for each i = 0, 1, 2,, 4. If we...

Answered: 1 week ago

Question

★★★★★

Victors Repair Shop has a monthly target operating income of $ 20,000. Variable expenses are 60% of sales, and monthly fixed expenses are $ 12,000. Requirements 1. Compute the monthly margin of...

Answered: 1 week ago

Question

★★★★★

Dotormine the missing amounts (Assume that material costs are recorded before labor costs) Finished Goods Inventory Raw Materials Inventory 1,000 31.000 (a) Bal 1,500 Bal (c) (d) Work-in-Process...

Answered: 1 week ago

Question

★★★★★

How does the demand of consultation services differ from teller/atm services and how to improve based on demand?

Answered: 1 week ago

Question

★★★★★

A dedicated firewall and a router between the Internet and the enterprise network secures the network. A three-part firewall topology also secures the network. Please compare these two approaches and...

Answered: 1 week ago

Question

★★★★★

Required information [The following information applies to the questions displayed below.] Carmen Camry operates a consulting firm called Help Today, which began operations on December 1. On December...

Answered: 1 week ago

Question

★★★★★

k and Morty 5. S... Maps transformers icin ar... G ctis learn - Google'... Online Onion Root.. a Amazon.com: LG UI... a Ama 4 90% + Opportunity Costs Practice For each of the following situations...

Answered: 1 week ago

Question

★★★★★

41. [-/0.2 Points] DETAILS SCALC9 1.5.005. For the function f whose graph is given, state the value of each quantity, if it exists. (If an answer does not exist, enter DNE.) -4 0 2 4 (a) lim f(x) x-...

Answered: 1 week ago

Question

★★★★★

Bridget Mayer is getting ready to open a small restaurant. She is on a tight budget and must choose between the following long-distance phone plans: Plan A: Pay 10 cents per minute of long-distance...

Answered: 1 week ago

Question

★★★★★

=+Part 3 Write a second AdWord ad for another audience or for another service or product.

Answered: 1 week ago

Question

★★★★★

=+What offers or rewards could you create to persuade people to become a Facebook fan or share their location on foursquare for points?

Answered: 1 week ago

Question

★★★★★

=+fitness buffs, gardening enthusiasts, wine connoisseurs, gourmands, environmentalists, fundraisers for charitable organizations, industry associates, wedding parties, same-sex couples, singles,...

Answered: 1 week ago

Previous Question Next Question