jacquesmen128 jacquesmen128
  • 10-05-2020
  • Mathematics
contestada

b. How was the original $20,000 investment split between the two interest rates?

Respuesta :

schoolgrace
schoolgrace schoolgrace
  • 10-05-2020

Answer:

t + f = 2000

let  represent the amount invested at three percent; let f represent the amount invested at five percent. The total of these amounts is $20,000. The total of the interest earned by each amount is $800. Of course the interest earned is the amount multiplied by the interest rate.

Answer Link

Otras preguntas

Choose the equation that models the problem. Luisa won 17 tennis matches last summer. She played a total of 26 matches. How many matches did she lose overall? L
What is 15.1 in expanded form?
ratio equivalent to 12:21 with lower terms
Which is the best correction of the sentence fragment? Was unsure if the neighbors were home. a. My sister was unsure. If the neighbors were home. b. If the n
4x-5=7+4y How do you solve?
Dormant and Recessive a. Synonyms b. Antonyms c. Neither
Can someone please help me -3x+7-7x=37
Which organization did world powers create immediately after World War II?
Please solve -5x+3(2x+4)=15
Use the formula C = 2πr and π= 3.14 to find the circumference of a circle with a radius of 5 meters. a. 15.7 m b. 78.5 m c. 3.140 m d. 31.4 m e. 34.54 m