A student invests $5000 at two annual interest rates, 5% and 7%. After 1 year the student

Question:

A student invests $5000 at two annual interest rates, 5% and 7%. After 1 year the student receives a total of $325 in interest. How much did the student invest at each interest rate?

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

Step by Step Answer:

Related Book For answer-question

College Algebra With Modeling And Visualization

ISBN: 9780134418049

6th Edition

Authors: Gary Rockswold

See More Books

Question Posted: Jun 04, 2023 12:50 AM

See More Questions

Calculate inflation in the following cases: Price Level Price Level Last Year (S) 100 250 4,000 This Year (S) 110 300 4,040 Inflation Rate
The consolidated statements of cash flows and related note disclosure for Sirius XM Canada Holdings Inc. are in Exhibits 5-16A and B. Sirius broadcasts satellite radio channels to subscribers....
How much did ABC Ltd. invest in a project that has an NPV break-even level of sales of $6 million, annual cash flows determined by: 0.1 sales - 360000, a 9 year life, and an 8% discount rate?
Four hospitals located in one county are cooperating to establish a centralized blood-bank facility to serve them all. On an xy coordinate grid of the county, the hospitals are found at the following...
Abylli Company does not use a database system; rather, it maintains separate data files in each of its departments. Accordingly, when a sale occurs, the transaction is initially recorded in the sales...
What is the essence of the accounting principle of materiality?
After returning from a skiing vacation in Vermont, Leslie Adel came down with Legionnaires Disease. He claimed it was from the water drunk at the ski resort and provided by Greensprings of Vermont...
Presented below is information related to Brokaw Corp. for the year 2012. Instructions(a) Prepare a multiple-step income statement for 2012. Assume that 60,000 shares of common stock are...
Consider the region R on Earth including points whose coordinates, when rounded to a whole number of seconds, round to 1233'8" N, 8843'11" W. Determine with justification the perimeter of region R.
A jet airliner travels 1680 miles in 3 hours with a tail wind. The return trip, into the wind, takes 3.5 hours. Find both the speed of the jet with no wind and the wind speed.
The surface area of the skin covering the human body is a func- tion of more than one variable. A taller person tends to have a larger surface area, as does a heavier person. Both height and weight...
Mike Lucci is the owner of Lucci Contractors, a successful small construction company. He spends most of his time out of the office supervising work at various construction sites, leaving the...
Fill in the blank question. The positive difference between the purchase price of a stock and its sale price is called .
Always provide specific examples to support your main points, including, but not limited to, where appropriate: specific theories, materials, lectures, discussions, etc. In all questions, make sure...
Pancho and Cisco decide to purchase ten acres of real estate. Pancho is to provide 75 percent of the purchase price, Cisco the other 25 percent. They want to use either a joint tenancy or tenancy in...
What is the difference between the mechanistic model and the organic model of organizational structure? Give an example of a company organized as a mechanistic and explain why a mechanistic structure...
You are planning to launch an export product selling mass market dog food in France. Your target audience is pet owners ages 20 - 70. Through research efforts, you have discovered they like to get...
Refer to the previous exercise. a. Use the Mean Versus Median applet to investigate what effect adding the outlier of 90 to the data set has on the mean and median. b. Now add 10 more data values...
The trade-off theory relies on the threat of financial distress. But why should a public corporation ever have to land in financial distress? According to the theory, the firm should operate at the...
A survey of American consumers asked respondents to report the amount of money they spend on bakery products in a typical month. If we assume that the population standard deviation is $5, can we...
Many Americans contributed to their 401k investment accounts. An economist wanted to determine how well these investments performed. A random sample of Americans with 401k investments were surveyed...
A survey of 25- to 35-year-old Americans with professional or Ph.D. degrees was asked to report their monthly incomes. Can we conclude at the 10% significance level that the mean income exceeds...
Four people are attempting to move a stage platform across the floor. If they exert the horizontal forces shown, determine (a) the equivalent force-couple system at O and (b) the points on the x- and...
When calculating Sell-thru, it is best to grouIn the weeks leading up to Easter, the store did a special order of 600 12-lb spiral-cut hams. The hams were priced at $3.50/lb. 85% of the hams sold for...
Problem 3 [5 points] (Laplace transform) A linear time-invariant (LTI) system has input x(t), impulse response h(t), and output y(t). Assume that the input is given by: x(t) = eu(t) where u(t) is the...

A student invests $5000 at two annual interest rates, 5% and 7%. After 1 year the student

Question:

Step by Step Answer:

Let x amount invested at 5 and y amount invested at 7 then x...View the full answer

College Algebra With Modeling And Visualization

Students also viewed these Mathematics questions