Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 25, 2024

Solve please Phyllis invested 42000 dollars, a portion earning a simple interest rate of 4 percent per year and the rest earning a rate of

Solve please

Phyllis invested 42000 dollars, a portion earning a simple interest rate of 4 percent per year and the rest earning a rate of 7 percent per year. After one year the total interest earned on these investments was 2580 dollars. How much money did she invest at each rate? At rate 4 percent : At rate 7 percent

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access with AI-Powered 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

Precalculus Concepts Through Functions A Unit Circle Approach To Trigonometry

Authors: Michael Sullivan

5th Edition

0137945139, 9780137945139

Students also viewed these Mathematics questions

Question

★★★★★

Refer to Exercise 14.29. Suppose you want to use only the 2013-2014 S&P values to forecast the quarterly 2015 values. Calculate the forecasts using Holt's model with w = .3 and v = .5. Repeat with w...

Answered: 1 week ago

Question

★★★★★

Discuss how the process of developing financial planning policies helps lead to a client embracing the ongoing and changing recommended action items.

Answered: 1 week ago

Question

★★★★★

Elliott's Hardware reported cost of goods sold as follows. Elliott's made two errors: (1) 2016 ending inventory was overstated $3,000, (2) 2017 ending inventory was understated $5,000. Instructions...

Answered: 1 week ago

Question

★★★★★

You are given two integer arrays A and B of size N If at the time i you have array A then you get A; points otherwise you get B; points. The total score is defined as the sum of all points received...

Answered: 1 week ago

Question

★★★★★

The first quarter tax return needs to be filed for Prevosti Farms and Sugarhouse by April 15, 2019. For the purpose of the taxes, assume the second February payroll amounts were duplicated for the...

Answered: 1 week ago

Question

★★★★★

Name: eSupport Date: Name: Masses and Springs 5. Draw all the energies at the following points: E EEEE EEEEE & E ELEE Energy...

Answered: 1 week ago

Question

★★★★★

Futura Company purchases the 55,000 starters that it installs in its standard line of farm tractors from a supplier for the price of $12.10 per unit. Due to a reduction in output, the company now has...

Answered: 1 week ago

Question

★★★★★

match the following: i. Controller ii. CFO iii. Treasurer iv. CEO 1. explains earnings results and forecasts to shareholders as well as media 2. Manages internal accounting systems, prepares...

Answered: 1 week ago

Question

★★★★★

Problem 7. [Call auction] Graph total market demand and supply curves in {price, quantity} space for a call auction market where the following orders are submitted to a central auctioneer: Limit...

Answered: 1 week ago

Question

★★★★★

QUESTION 2 (word limit: 200) Larry works as a self-employed gardener for X Ltd. There is no question of Gary being an employee. During the evening, Larry works for another company, Y Ltd., as a...

Answered: 1 week ago

Question

★★★★★

Gregoyle Ltd. a large oil refining company jointly processes purchased hydrocarbons to generate 3 non-saleable intermediate products: ICR8, ING4 and XGE3. Gregoyle's joint processing costs for these...

Answered: 1 week ago

Question

★★★★★

AV is a charitable organisation, the primary objective of which isto meet the accommodation needs of persons within its locality. BW is a profit-seeking organisation which provides...

Answered: 1 week ago

Previous Question Next Question