A university invests $600,000 at simple interest, part at 6%, half that amount at 4.5%, and the
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 83% (12 reviews)
Let x the amount invested at 6 Then 1 2 x the amount i...View the full answer
Answered By
Hassan Ali
I am an electrical engineer with Master in Management (Engineering). I have been teaching for more than 10years and still helping a a lot of students online and in person. In addition to that, I not only have theoretical experience but also have practical experience by working on different managerial positions in different companies. Now I am running my own company successfully which I launched in 2019. I can provide complete guidance in the following fields. System engineering management, research and lab reports, power transmission, utilisation and distribution, generators and motors, organizational behaviour, essay writing, general management, digital system design, control system, business and leadership.
5.00+
1+ Reviews
10+ 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 foundation invests $50,000 at simple interest, part at 7%, twice that amount at 4%, and the rest at 5.5%. What is the most that the foundation can invest at 4% and be guaranteed $2660 in interest...
-
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,...
-
Why is it important to have a defined project scope? Why is it important to make sure there is agreement about the scope? Is there anything in the "Why Should You Use the WBS?
-
Petra Valoma and her three roommates rented an apartment in New York City with a security deposit of $2,850, two months of rent for $5,700, and a property loss payment of $800. Less than a month...
-
What physical event actually takes place in Rationalism and the Cartesian Doubt? How is reality different from what they experience? What does Descartes say about what we perceive and believe is...
-
Explain the relationships between rules, logic, semantic nets, and frames. Give an example of a situation where you might use each of them. Which system has the greatest representational adequacy?...
-
For The Ages Inc. produces solid-oak umbrella stands. Each stand is handmade and hand finished using the finest materials available. The firm has been operating at capacity (2,000 stands per year)...
-
The Guardians of the Universe launch a satel- lite that goes into orbit at a distance of 16287 km from the center of the earth. If the orbit is circular what is its speed? The universal gravitational...
-
Was the hospitals decision to suspend the consultant correct? Explain why or why not.
-
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%...
-
(a) Draw the Lewis structure for oleum, (HO) 2 OSOSO(OH) 2 , prepared by treating sulfuric acid with SO 3 . (b) Determine the formal charges on the sulfur and oxygen atoms. (c) What is the oxidation...
-
Silicon Valley Bank has the following balance sheet (in millions): Assets $200 Liabilities $165 Equity 35 Total $200 Total $200 The duration of the assets is five years and the duration of the...
-
Rundle Cough Drops operates two divisions. The following information pertains to each division for the year. Division A Division B Sales Operating income $217,000 $ 15,200 $91,000 $ 8,900 Average...
-
A 20-year disability income policy on (a) is modeled with the following Markov chain: Healthy Sick Dead 1 You are given: (i) Transition forces +10=0.1, +10 === 0.04, +10 0.08, +10=0.05. (ii) +95 +10...
-
Gonzales Company uses a job-order costing system that applies manufacturing overhead costs to jobs on the basis of machine-hours. The predetermined overhead rate is $4.60 per machine hour. During the...
-
Calculate the average life, average age, and asset turnover ratios of Tesla. Be sure to show your calculations. Discuss what each ratio tells you in the context of your Tesla. Calculate the accounts...
-
What are the observational/experimental units? In 1970 Linus Pauling, a well-known chemist and Nobel Prize winning scientist, published Vitamin C and the Common Cold (1970), creating a great deal of...
-
Why is a help desk and production support critical to system implementations? Discuss its interrelationship with the problem management and reporting system.
-
Graph. 2y + x 4
-
Graph. 3x - 2 < 5x + y
-
Graph. 3y + 2x 6
-
Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the year at a cost of $45,300. The machine's useful life is estimated at 10 years, or 403,000 units of...
-
14. (3 points) Write a program that ask the user for 1. their first name and 2. their last name, Enter first name: Matt Enter last name: Priem Hello Matt Priem! and then outputs a greeting similar to...
-
Given a sorted array 2, 5, 8, 12, 16, 18, 22, 25, 29, 32 and the following interpolation search algorithm. Show the steps of the algorithm when 25 is searched. Also, when 26 is searched. array a,...
Study smarter with the SolutionInn App