You invested a total of $25,000 at 3% and 4 1/2% simple interest. During one year, the
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 71% (7 reviews)
Verbal Model Interest from 3 Interest from 4 12 Total in...View the full answer
Answered By
PALASH JHANWAR
I am a Chartered Accountant with AIR 45 in CA - IPCC. I am a Merit Holder ( B.Com ). The following is my educational details.
PLEASE ACCESS MY RESUME FROM THE FOLLOWING LINK: https://drive.google.com/file/d/1hYR1uch-ff6MRC_cDB07K6VqY9kQ3SFL/view?usp=sharing
3.80+
3+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Calculus 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?
-
Erica invested a total of $5000, part at 3% simple interest and part at 4% simple interest. At the end of 1 year, the investments had earned $176 interest. How much was invested at each rate?
-
One year, Don invested a total of $40,000, part at 4%, part at 5%, and the rest at 5 %. The total amount of interest received on the investments was $1990. The interest received on the 5 %...
-
Why do countries respond differently in terms of flexibility and worklife balance to what seem similar economic pressures?
-
Assume you have $2000 available for investment for a 5-year period. You wish to invest the money not just spend it on fun things. There are obviously many alternatives available. You should be...
-
At the north campus of a performing arts school, 10% of the students are music majors. At the south campus, 90% of the students are music majors. The campuses are merged into one east campus. If 42%...
-
What four components comprise the IT security defense-in-depth model?
-
DryPool T-Shirt Factory manufactures plain white and solid colored T-shirts. Inputs include the following: Additionally, the colored T-shirts require 3 ounces of dye per shirt at a cost of $0.20 per...
-
Imagine that you are the change manager for acompany that does business entirely via the Internet. The head development engineercalls to indicate he wants to make a small change to one of the...
-
A newly formed company has drawn up the following budgets for its first two accounting periods: The following budgeted information applies to both...
-
A person who is 6 feet tall walks away from a 50-foot tower toward the tip of the tower's shadow. At a distance of 32 feet from the tower, the person's shadow begins to emerge beyond the tower's...
-
A nursery has $40,000 of inventory in dogwood trees and red maple trees. The profit on a dogwood tree is 25% and the profit on a red maple tree is 17%. The profit for the entire stock is 20%. How...
-
Which of the following media stories do you agree with? Robots are replacing people in factory jobs. The virtual organization has arrived, based on mobile computing, so nobody needs to work in an...
-
In today's environment, what of the more likely importance--cardiac disease prevention or cardiac rehabilitation?
-
What is the number of Days' Sales in Inventory as of December 31, 2020? Answer to the nearest decimal point (for example, 120.5). Balance as Of December 31st Cash Accounts Receivable Inventory Total...
-
The City of Bowling Green wants to build a public recreational park that would have an initial cost of $200,000. They anticipate additional one-time costs of 30,000, and 15,000 after 2 years and 5...
-
In 1990, the United Nations introduced the Multidimensional Poverty Index (MPI), establishing three new criteria-in addition to gross domestic product (GDP)-for measuring the level of development in...
-
Discuss how economics plays a vital role in shaping public discussion in the following policy areas: Household taxation Business taxation Import taxation (tariffs) Provide several examples of how...
-
Below is a series of cost of goods sold sections for companies B, M, O, and S. Instructions Fill in the lettered blanks to complete the cost of goods sold sections. Beginning inventory Purchases...
-
What tools are available to help shoppers compare prices, features, and values and check other shoppers opinions?
-
Find the probability of being dealt four of a kind. You are dealt a hand of five cards from a standard deck of 52 playing cards.
-
Find the probability of being dealt a full house (three of one kind and two of another kind). You are dealt a hand of five cards from a standard deck of 52 playing cards.
-
Find the probability of being dealt three of a kind (the other two cards are different from each other). You are dealt a hand of five cards from a standard deck of 52 playing cards.
-
Two charges, q=43.5 nC and qB=-25.5 nC are placed as shown in the picture. y [m] + 9 B P 9A 1 0-1- x [m] What is the magnitude of the net electric field at point P? Provide your answer in N/C, use at...
-
Simplify. 9u6x4 4 3 3wx +9x
-
Majesty Company uses target costing to ensure that its products are profitable. Assume Majesty is planning to introduce a new product with the following estimates: Annual demand Estimated market...
Study smarter with the SolutionInn App