You invest $6000 at 41/2 % and 51/2 % simple interest. During the first year, the two

Question:

You invest $6000 at 41/2 % and 51/2 % simple interest. During the first year, the two accounts earn $305. Find the initial investment for each account?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Algebra and Trigonometry

ISBN: 978-1337271172

10th edition

Authors: Ron Larson

See More Books

Question Posted: Feb 14, 2018 01:40 AM

See More Questions

You invested a total of $12,000 at 4 1/2% and 5% simple interest. During one year, the two accounts earned $580. How much did you invest in each account?
You invested a total of $25,000 at 3% and 4 1/2% simple interest. During one year, the two accounts earned $900. How much did you invest in each account?
Jane invests $40,000 received as an inheritance in three parts. With one part she buys mutual funds that offer a return of 2% per year. The second part, which amounts to twice the first, is used to...
Label the following as True, False, or Uncertain and explain your choice. (Uncertain means that it can be either true or false depending upon the circumstances.) a. All members of a resource cartel...
A city engineer knows that she will need $25 million in 3 years to' replace toll booths on a toll road in the city. Traffic on the road is estimated to be 20 million vehicles per year. How much per...
Explain how Archimedess principle can be used to measure a persons percentage body fat. Fat has a different density than other body tissue.
1 What causes culture shock? Give specific examples of the symptoms of culture shock and explain the effects.
Refer to the consolidated statements of income on page 687 of the Intel Corporation annual report in the appendix. Required: a. Calculate the gross profit ratio for each of the past three years. b....
For Lodes Company, the relevant range of production is 4080% of capacity. At 40% of capacity, a variable cost is $4,000 and a fixed cost is $6,000. Explain the behavior of each cost within the...
The purpose of this project is to model the dynamics involved in introducing population of 100 deer into an area "dynamics" consisting of a patchwork of grassland and forest. By we mean we want to...
A car radiator contains 10 liters of a 30% antifreeze solution. How many liters should you replace with pure antifreeze to get a 50% antifreeze solution?
1. The volume V of a cone can be calculated by the formula V = 1/3r2h, where r is the radius and h is the height. Solve for h? 2. The kinetic energy E of an object can be calculated by the formula E...
Find v1 (t) and v2 (t) in the circuit infigure 12 cos(10t 25) V (+- 0.2 H vz(1). 0.02 F v1(1) 2 cos(10r- 15) A 4 cos10t A
Assume an organic compound has a partition coefficient between water and ethyl acetate equal to 8.12. If there are initially 7.10 grams of the compound dissolved in 75.0 mL of water, how many grams...
Berger Paint Pakistan limited produces three types of joint products, S ilver paint, G olden paint and D iamond paint. During March, 2020, the following information was recorded : Particulars Silver...
Choose an industry in which you are interested in working. How is that industry trending? What internal and external factors may affect the direction of the organization? For your initial post,...
show all work and Computations and if favorable or unfavorable. Standard Cost Data per 1 Unit Quantity Price Direct Labor 2 hrs $4.00/hr Actual Data: Units produced 20 20 Direct Labor 30 hrs; total...
4. A petroleum company is considering the expansion of its one unloading facility at its Australian refinery. Due to random variations in weather, loading delays, and other factors, ships arriving at...
The following items were taken from the financial statements of J. Parra Company on December 31, 2024. (All amounts are in thousands.) Instructions Prepare a classified balance sheet in good form as...
Discrete sample spaces: suppose there are N cable cars in San Francisco, numbered sequentially from 1 to N. You see a cable car at random; it is numbered 203. You wish to estimate N. (See Goodman,...
Use a dot plot to display the data set. Describe any patterns. Use the data set, which represents the air quality indices for 30 U.S. cities. 25 35 20 75 10 10 6 89 44 22 34 33 38 30 47 53 44 57 71...
Use a pie chart to display the data set. Describe any patterns. Use the data set, which represents the results of a survey that asked U.S. adults where they would be at midnight when the new year...
Min = 9, Max = 64, 7 classes Use the minimum and maximum data entries and the number of classes to find the class width, the lower class limits, and the upper class limits.
Maddox Resources has credit sales of $ 1 8 0 , 0 0 0 yearly with credit terms of net 3 0 days, which is also the average collection period. Maddox does not offer a discount for early payment, so its...
Selk Steel Co., which began operations on January 4, 2017, had the following subsequent transactions and events in its long-term investments. 2017 Jan. 5 Selk purchased 50,000 shares (25% of total)...
Equipment with a book value of $84,000 and an original cost of $166,000 was sold at a loss of $36,000. Paid $100,000 cash for a new truck. Sold land costing $330,000 for $415,000 cash, yielding a...

You invest $6000 at 41/2 % and 51/2 % simple interest. During the first year, the two

Question:

Step by Step Answer:

Model Interest from 4 11 Interest from 5 total interest Labels Amount inve...View the full answer

Algebra and Trigonometry

Students also viewed these Calculus questions