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

Question

1 Approved Answer

You invested $6000 between two accounts paying 7% and 8% annual interest, respectively. If the total interest earned for the year was $440, how much

image text in transcribed
image text in transcribed
You invested $6000 between two accounts paying 7% and 8% annual interest, respectively. If the total interest earned for the year was $440, how much was invested at each rate? was invested at 7% and $ was invested at 8%

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_2

Step: 3

blur-text-image_step3

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

Stochastic Processes

Stochastic Processes

Authors: Emanuel Parzen

1st Edition

ISBN: 0486804712, 9780486804712

More Books

Students also viewed these Mathematics questions

Question

★★★★★
Daniel Longan owns and manages Daniels Restaurant, a 24-hour restaurant near the citys medical complex. Daniel employs 9 full-time employees and 16 part-time emplyees. He pays all of the full-time...

Answered: 1 week ago

Question

★★★★★
In Exercises, use n = 4 to approximate the value of the given integrals by the following methods: (a) The trapezoidal rule, and (b) Simpsons rule. (c) Find the exact value by integration. dx x X

Answered: 1 week ago

Question

★★★★★
Three darts players have respective probabilities p1, p2, p3 of hitting the center of the dartboard. Each of them shoots against the target once and then we examine how many of them hit the center....

Answered: 1 week ago

Question

★★★★★
An economist wants to determine the relation between ones FICO score, x, and the interest rate of a 36-month auto loan, y. The given data represent the interest rate (in percent) a bank would offer...

Answered: 1 week ago

Question

★★★★★
How to cook the perfect egg 5 points As an egg cooks, the proteins first denature and then coagulate. When the temperature exceeds a critical point, reactions begin and proceed faster as the...

Answered: 1 week ago

Question

★★★★★
Comprehensive Problem 1 Part 8: The following is a comprehensive problem which encompasses all of the elements learned in previous chapters. You can refer to the objectives for each chapter covered...

Answered: 1 week ago

Question

★★★★★
Calculate mean, median, standard deviation, minimum, maximum, and counts (n) for all variables in the POS Associates data set that are appropriate (i.e., that are quantitative variables or are...

Answered: 1 week ago

Question

★★★★★
Demetri lives in the city and sometimes uses a ride share service. A ride costs $1.50 for the first mile and $0.25 for each additional mile. Demetri does not want to spend more than $3.75 on a ride....

Answered: 1 week ago

Question

★★★★★
Required information Exercise 12-12 (Algo) Indirect: Preparing statement of cash flows LO P2, P3, A1 [The following information applies to the questions displayed below.] The following financial...

Answered: 1 week ago

Question

★★★★★
Indicate whether each of the following expenditure items should be classified as a function (F), organization unit (OU), activity (A), character (C), or object (O). Answer is complete and correct....

Answered: 1 week ago

Question

★★★★★
You recently attended an industry conference. While there, you met up with a friend Roni, who works for a competitor. During a break, Roni implies that if you could get your company to charge for a...

Answered: 1 week ago

Question

★★★★★
Mumi has $100 and is deciding how to spend it on bread and wine. The price of bread is $2 and the price of wine is $2. (Both goods are infinitely divisible.) Now suppose the government wants...

Answered: 1 week ago

Question

★★★★★
The geographical location of the sender, i.e. where the sender resides

Answered: 1 week ago

Question

★★★★★
Subjective norms, i.e. the norms of the target group

Answered: 1 week ago

Question

★★★★★
The temporal rule: The closer temporal proximity we have to an event or action, the more probable it is that the distortion of information is less than if the event or action happened longer ago.

Answered: 1 week ago

Previous QuestionNext Question