Question: Need help understanding how to answer the problem $10,527 is invested, part at 12 % and the rest at 10% . If the interest earned

Need help understanding how to answer the problem

$10,527 is invested, part at 12 % and the rest at 10% . If the interest earned from the amount invested at 12 % exceeds the interest earned from the amount invested at 10 % by $814.00, how much is invested at each rate? (Round to two decimal places if necessary.) Answer Keypad

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!

Lyons Document Storage Corporation: Bond Accounting : In December 2008, Rene Cook sat in her cubicle trying to remember what she had learned in business school about bonds and bond accounting. Ms....

I need a help for introduction and conclusion parts of Starbucks Fiscal 2015. Introduction part is 1-2 pages, conclusion part is half page. totally about 2 pages. Fiscal 2015 Annual Report UNITED...

please help these are very simple!!! will thumps up right away 1. Knowledge/Understanding [6 marks] Calculate the simple interest earned on each investment. a) $450 invested for 9 years b) $2800...

Please help me understand how to do these spreadsheets. I'm so frustrated. I don't know what to do. I need an explanation, please. Accounting Spreadsheet Assignment Planning for Retirement You are...

EX. 2-2 Select the best answer Ouk Townshijp issued the following bonds during the year $3.000.000 Bonds to acquire equipment for a vehicle repair service that is accounted for in an s8.000.000...

See page 129- 137 on attachment for more details there are five steps to the project. Step 1: Create the loan amortization schedule for the property. Step 2: Create the depreciation schedule. Step 3:...

Hey i need you help with my Portfolio final report. i get some of them and want you to finish it, i will upload the professor sample report, and half of my work, plus the week 4 and week 5 report...

14. [-/4 Points] DETAILS HARMATHAP12 1.6.040. Complete the problem by using the accompanying gure, which shows a supply function and a demand function. (Assume price is measured in dollars.) p 40 30...

1 What are the main components of personal financial planning? Solve What is the purpose of a financial plan? Solve Identify some common actions taken to achieve financial goals. How does a job...

Hello, Would you please review the attached assignment? I know I have errors in and this assignment carries into the rest of the course so I need to get it corrected to move forward. I have attached...

A firm has just filed for bankruptcy and is likely to be liquidated. The creditors, such as equipment suppliers and employees, are owed $1.5 million. a. How much will the equity holders receive if,...

Discussion: 1) Sketch the resulting AM signal from the oscilloscope. 2) From the observed AM signal calculate value of the modulation index, m. 3) Determine values of the total power, Pr, and side...

Bearcat Construction begins operations in March and has the following transactions. March 1 Issue common stock for $21,000. March 5 Obtain $9,000 loan from the bank by signing a note. March 10...

Q2) The KFU's Company is currently operating its mill six days a week, 24 hours a day, on three shifts. At current prices, the company could easily obtain a sufficient volume of sales to take the...