Phyllis invested $11,500, a portion earning a simple interest rate of 3 1/5% per year and the

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

Question:

Phyllis invested $11,500, a portion earning a simple interest rate of 3 1/5% per year and the rest earning a rate of 3% per year. After one year the total interest earned on these investments was $362.00. How much money did she invest at each rate?

Related Book For answer-question

Economics

ISBN: 978-0134106243

6th edition

Authors: R. Glenn Hubbard

See More Books

Posted Date: Nov 06, 2019 11:19 PM

See More Questions

How much money did you make last year? What is wrong with that statement?
How much money did the IOC retain to cover operational and administrative costs as a result of the broadcast revenues generated by the Vancouver Winter Game?
Assume the inflation rate is 4% per year and the market interest rate is 5% above the inflation rate. Determine (a) The number of constant-value dollars 5 years in the future that is equivalent to...
The management accountant is preparing the master budget for her retail firm. The following information has been supplied Sales $300,000 Opening inventory $40,000 Closing inventory $60,000 Required...
Suppose that for a recent admissions class, an Ivy League college received 2,851 applications for early admission. Of this group, it admitted 1,033 students early, rejected 854 outright, and deferred...
Technics Inc., a manufacturing company, utilizes job order costing. Each division establishes its own estimates regarding overhead which are as follows: ______________________________Division A ____...
For approximately 20 months, Robert E. McDonald perpetrated a scheme to solicit millions of dollars purportedly for a $$100$ million purchase by the RAI Entities and certain other related corporate...
Professor Patricia (Patty) Pate is retired from the Palm Springs Culinary Arts Academy (PSCAA). She is a single taxpayer and is 68 years old. Patty lives at 98 Colander Street, Henderson, NV 89052....
Suppose A is a 2 by 2 matrix such that the image of the unit circle under the linear transformation given by A is: 2.0 1.5 1.0 2.0 1.5 1.0 0.5 0.5 0.0 0.0 -0.5 -0.5 -1.0 -1.0 -1.5 -1.5 -2.0 -2.0 -2.0...
Use Mark Gilley's FlashCard statement. There is an error in his bill. The average daily balance, finance charge, available credit, and new balance amounts are not filled in. You can find a copy of...
Joe Jones walked out of the Old Rock Bakery operation and chewed on a Cheese Danish. He had chosen random selection to test for proper authorization of purchasing transactions. He had just completed...
Assume that a household tools maker company plans to encourage customers to buy their newly designed products. Therefore, this company intends to apply a promotion on their products, however the time...
Statistical Process Control (SPC) Charts? display a measurement of every unit that has been produced. are exclusively used for data following a binary distribution. indicate to the process operator...
A mad scientist fires a rocket with mass m from the moon, vaguely in the direction of the Earth, which has mass M. Astronomers on Earth measure its distance r from the center of the Earth, its...
At the beginning of the year, the net assets of Shannon Company were $492,600. The only transactions affecting stockholders' equity during the year were net income of $70,200 and dividends of...
Construct npda's that accept the following languages on = {a, b, c}. (a) ** L = {abn n 0}. : (c) L= {anbmc+m n 0, m 0}. (e) L= {abc: n 0}. (g) L= {wna (w) = n (w) + 1}.
The low demand in late November 2018 could be due to various factors. One possibility is that it's related to the Thanksgiving holiday, which typically falls in late November. Many people travel out...
Is that Yelp review real or fake? The article A Framework for Fake Review Detection in Online Consumer Electronics Retailers (Information Processing and Management 2019: 12341244) tested five...
Draw the consumption function and label each axis. Show the effect of an increase in income on consumption spending. Does the change in income cause a movement along the consumption function or a...
What do economists mean by "an economically efficient level of pollution"?
Discuss the likely effect of each of the following on the unemployment rate. a. The length of time workers are eligible to receive unemployment insurance payments doubles. b. The minimum wage is...
A blender does 5000 J of work on the food in its bowl. During the time the blender runs, 2000 J of heat is transferred from the warm food to the cooler environment. What is the change in the thermal...
Which system contains more atoms: 5 mol of helium (A = 4) or 1 mol of neon (A = 20)? A. Helium B. Neon C. They have the same number of atoms.
A sample of ideal gas is in a sealed container. The temperature of the gas and the volume of the container are both increased. What other properties of the gas necessarily change? (More than one...

Phyllis invested $11,500, a portion earning a simple interest rate of 3 1/5% per year and the

Question:

Expert Answer:

Economics

Students also viewed these mathematics questions