A foundation invests $50,000 at simple interest, part at 7%, twice that amount at 4%, and the
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (21 reviews)
Familiarize and Translate Let x the amount invested at 7 Then 2x the amount invested at 4 and 50 000 ...View the full answer
Answered By
GERALD KAMAU
non-plagiarism work, timely work and A++ work
4.40+
6+ Reviews
11+ Question Solved
Related Book For
College Algebra Graphs and Models
ISBN: 978-0321845405
5th edition
Authors: Marvin L. Bittinger, Judith A. Beecher, David J. Ellenbogen, Judith A. Penna
Question Posted:
Students also viewed these Linear Algebra questions
-
A university invests $600,000 at simple interest, part at 6%, half that amount at 4.5%, and the rest at 3.5%. What is the most that the university can invest at 3.5% and be guaranteed $24,600 in...
-
Gina plans to invest $12,000, part at 4% simple interest and the rest at 6% simple interest. What is the most that she can invest at 4% and still be guaranteed at least $650 in interest per year?
-
A software author invests his royalties in two accounts for 1 yr. (a) The first account pays 2% simple interest. If he invests x dollars in this account, write an expression for y 1 in terms of x,...
-
Which description does NOT fit in description of "issues" in the context of international standards? a. An unsettled matter. b. A vital matter. c. A change in the environment. d. A concern or...
-
Johnny C. Carpenter and Harvey E. Hill died of asphyxiation when a fire broke out in their Hattiesburg, Mississippi, apartment on the morning of February 20, 1983. There were no smoke detectors in...
-
The year has passed and Ron has become used to being able to come to you with more and more complex finance and accounting questions about this Ukrainian Division. He has come into your office in the...
-
Describe the architecture of an expert system, and describe the roles of the various people involved in it.
-
The time to replace vehicle wiper blades at a service center was monitored using a mean and a range chart. Six samples of n 20 observations were obtained and the sample means and ranges computed: a....
-
Straight wooden stick has mass M=0.70kg, Length L=1.6m, uniform cross-section A=14cm 2 , and constant density has a small mass m=0.20kg attached to its one end. The stick is partially submerged in...
-
Franchise taxes are levied on businesses that gain a franchise right of doing business in a jurisdictions territory. The data in Table 9.1 are franchise tax revenues in the city of Sunbelt, Florida,...
-
Dillon plans to invest $7500, part at 4% simple interest and the rest at 5% simple interest. What is the most that he can invest at 4% and still be guaranteed at least $325 in interest per year?
-
Tori can be paid in one of two ways for selling insurance policies: Plan A: A salary of $750 per month, plus a commission of 10% of sales; Plan B: A salary of $1000 per month, plus a commission of 8%...
-
Does the new states paradox occur in Problem 35? Data from Problem 35 Suppose that a third Professional \((\mathrm{P})\) college is established with 525 students. Also, assume that 5 new scholarships...
-
Over the past 10 years, a bank has experienced the following loan losses on its C&I loans, consumer loans, and total loan portfolio. Year C&I Loans Consumer Loans Total Loans 2018 0.0080 0.0165...
-
Coastal Medical Center is adding a new MRI machine to serve its growing cardiac service line business. This mega-slice machine (which refers to how "fast" the individual scans are done) will allow...
-
Rebecca holds 100 shares of Gotchas stock that she purchased for $3,400 several years ago. In a merger of Gotchas into Solis, Inc., Rebecca exchanges her 100 Gotchas shares for 1,000 Solis shares and...
-
First American Bank has the following market value balance sheet structure: Assets Liabilities and Equity Cash $2,000 Certificate of deposit $10,000 Bond $10,000 Equity $2,000 Total assets $12,000...
-
Tyler Company budgets the following unit sales for the next four months: April, 3,000 units; May, 4,000 units; June, 6,000 units; and July, 2,000 units. The company's policy is to maintain finished...
-
Suppose a 95% confidence interval for the difference in the proportion of female students who regularly drink coffee and the proportion of male students who regularly drink coffee ( F M ) is...
-
Pearl Medavoy will invest $10,240 a year for 20 years in a fund that will earn 10% annual interest. . If the first payment into the fund occurs today, what amount will be in the fund in 20 years? If...
-
Evaluate the determinant. 2 -3 5 1 1 3 4 -2 -1
-
Solve using Cramers rule. Show your work. 5x + 2y = -1, 7x + = 1
-
Graph. 2x - 5y < 10
-
* Write an ARMv8 assembly code to compute the equation y = 12 n=1n5. Assume the value of a is stored in register X20 and is a 64-bit non-zero positive integer. Store the computed value y in X21. Do...
-
Our friend River wrote the code shown with the intention of printing out a message to the user if the variable letter was a lowercase letter. However, upon testing it with the character 'A', the code...
-
The output of the code below is #include #include int main(){ float x; x = floor(7.5); printf("%.2f ",x); return 0;}
Study smarter with the SolutionInn App