Gina plans to invest $12,000, part at 4% simple interest and the rest at 6% simple interest.
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 44% (9 reviews)
Let x the amount invested at 4 ...View the full answer
Answered By
Branice Buyengo Ajevi
I have been teaching for the last 5 years which has strengthened my interaction with students of different level.
4.30+
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
-
Dimitri's two student loans total $9000. One loan is at 5% simple interest and the other is at 6% simple interest. At the end of 1 year, Dimitri owes $492 in interest. What is the amount of each loan?
-
An airline advertisement states, To get the special fare you must purchase your tickets between January 1 and February 15 and fly round trip be-tween March 1 and April 1. You must depart on a Monday,...
-
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...
-
______________ is an approach to doing business that attempts to maximize an organization's competitiveness through the continual improvement of the quality of its products, services, people,...
-
James Santelli was staying at a motel owned by Abu Rahmatullah for several months as he worked at a nearby construction project. Joseph Pryor had been previously employed at the motel as a general...
-
PROBLEM A. ABC Company produces three different graded products, Alpha, Bravo and Charlie. The following cost and other information are available: Products Sales quantity mix Contribution margin...
-
What is meant by inductive bias? Is it a good thing? What is the inductive bias of the ID3 algorithm?
-
Jack Potts recently won $1,000,000 in Las Vegas and is trying to determine how to invest his winnings. He has narrowed his decision down to five investments, which are summarized in the following...
-
2022 2023 Assets Cost Dep'n NBV Cost Dep'n NBV Goodwill 387,000 326,000 Premises 294,000 (54,000) 240,000 406,000 (82,000) 324,000 Fixtures 227,000 (23,000) 204,000 295,000 (48,000) 247,000 Equipment...
-
1. In communicating the changes in philosophy and practice within PepsiCo, should CEO Indra Nooyi and her management team use formal or informal channels of communication? Give examples of each. 2....
-
Acme Movers charges $100 plus $30 per hour to move a household across town. Hank's Movers charges $55 per hour. For what lengths of time does it cost less to hire Hank's Movers?
-
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?
-
Kevin Wolfer is considering an investment in the common stock of a chain of retail department stores. He has narrowed his choice to two retail companies, Roma Corporation and Lima Corporation, whose...
-
What are the differences between Save As and Save A Copy (in the File menu)? How are these commands different from the Backup command? What must you do before you can work with your company data...
-
Based on the California Department of Industrial Relations overtime laws, how many overtime hours will this employee be paid for? Day Hours Monday 6 Tuesday 6 Wednesday 6...
-
Discuss the impact of SABs investment on the social, economic and political macro factors. In order for SAB to accomplish its goals, it requires management to apply the four key management...
-
Distinguish between suppliers of short term and suppliers of long term credit. Analyse the various types of transport costs involved in project cost management.
-
What was the average annual rate of change in the price of houses over this time period? 38 years ago, the average home sale price in your hometown was $74,675. Today the average price of a house is...
-
What are the variables that are measured/recorded on each unit? In 1970 Linus Pauling, a well-known chemist and Nobel Prize winning scientist, published Vitamin C and the Common Cold (1970), creating...
-
Refer to the situation described inBE 18-13, but assume a 2-for-1 stock split instead of the 5% stock dividend. Prepare the journal entry to record the stock split if it is to be effected in the form...
-
Solve using any method. 52x 3.5+2=0
-
Solve using any method. .log x x3 100
-
The central processing unit (CPU) power in computers has increased significantly over the years. The CPU power in Macintosh computers has grown exponentially from 8 MHz in 1984 to 3400 MHz in 2013,...
-
Find V 1 V 5 V source I 2 I 3 I 4 I 5 R 1 R 2 R 3 R 4 R total. V 2 = 6 0 . 0 V , V 3 = 9 0 . 0 V , V 4 = 5 0 . 0 V , I 1 = 1 . 5 A , I total = 4 . 0 A , R 5 = 3 0 ohms. Indicate where appropriate....
-
Two point charges, -2.4C and 5.616 C, are placed at x = 0 cm and x = 9.7 cm, respectively. Consider the x- axis directed to the right. 1.0p 8a At what point along the x axis is the electric field...
-
As you know, the value of. It is defined as the ratio of the circumference of a circle C divided by its diameter 2r. That is x-C/2. a) Let's assume that you measured a circumference of a circle to be...
Study smarter with the SolutionInn App