1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
raketka [301]
2 years ago
12

Larry Mitchell invested part of his $36,000 advance at 7% annual simple interest and the rest at 2% annual simple interest. If h

is total yearly interest from both
accounts was $1,970, find the amount invested at each rate.
The amount invested at 7% is $
The amount invested at 2% is $
Mathematics
1 answer:
alisha [4.7K]2 years ago
7 0

The amount invested at each rate

Investment at 7% = $25000

Investment at 2%  = $11,000

<h3>What is investment?</h3>

Investment definition is an asset acquired or invested in to build wealth and save money from the hard earned income or appreciation.

Given:

Larry Mitchell invested = $36,000 at 7% annual simple interest

the rest at 2% annual simple interest.

Total investment = 36000

let the investment at 7% is x

then, invested at 2% = 36000 - x

Total interest earned = $1,970

Simple interest = principal * rate * time

Investment at 4%:

(x * 0.07) + [(36000 - x) * 0.02] = 1970

0.07x + 720 - 0.02x= 1970

0.05x = 1970-720

0.05x = 1250

x= 25000

Hence,

Investment at 7% = $25000

Investment at 2% = $36,000 - $25000 = $11,000

Learn more about this concept here:

brainly.com/question/18801028

#SPJ1

You might be interested in
You can think about the word ‘of’ when you multiply.
Vlada [557]

Answer:

23 \: of \: 6 \\ 23 \times 6 \\  =  >  \frac{ \binom{23}{ \times 6} }{138}  \\ 23 \: of \: 6 = 138

4 0
2 years ago
Read 2 more answers
Sarah answered 24 questions on her test correctly and earned an 80%. How many questions were on the test?
MaRussiya [10]

Answer:

43 questions in total

Step-by-step explanation:

the original equation with the unknown (total number of questions on the test) will look like this

\frac{total \: number \: of \: questions \: on \: exam}{24 \: answered \: questions}  = 80\%

we know this because to work out a percentage in the 1st place you need the total ÷ number (in this case it's ÷ how many questions out of the total she did answer)

now you rearrange.

you need to move the 24 to get the total on it's own here's how you do it

\frac{tot \: num \: of \: qs}{24}  \times 24 = 80\% \times 24

what you do to one side of equation you have to do to the other. the 24 and 24 on the left will cancel because 24÷24=1 and we don't write

got mum of Q's x 1= 80 x 24

now you convert % to decimal

80\% \times 100 = 0.80

replace

tot \: num \: qs \:  = 24 \times 0.80 = 19

now you take the original and + the 19

24 + 19 = 43

therefore there are a total of 43 questions on the exam

5 0
3 years ago
there are five people in a room each person shakes the hand of every person exacally once how many handshakes or exchanged
nalin [4]
25  because there's 5 people so you take 5 times 5
5 0
3 years ago
I’m confused can someone get me the answer
siniylev [52]
Angle OPM and Angle LMK

When angles are corresponding, they're essentially on the same side. It's sort of hard to explain, so I'll attach a drawing. The one on the left with the check mark is a corresponding angle, and the one on the right with the X is a same-side angle. Essentially, corresponding angles are on the same side and are also equal, unlike same-side angles, which are supplementary angles.

Let me know if you don't understand my explanation.
-T.B.
4 0
3 years ago
Construct two line segments with the lengths ratio 3:5.
belka [17]

Answer:

one segment could have a length of 15

second segment could have length of 25

Step-by-step explanation:

8 0
3 years ago
Read 2 more answers
Other questions:
  • (2x+7)(3x-5)<br> What is the answer of this question ?
    14·1 answer
  • Using approciate properties find -4/7*3/5+4/7*-1/5+2/5*-4/5
    6·1 answer
  • Please help asap! 
    15·1 answer
  • What is 35 percent of 40 as a fraction?
    11·2 answers
  • What is 10 times as many as 1 hundred is blank hundreds or blank thousand
    8·2 answers
  • -2 times g(4) when g(x) =-x squared+(4x)-11
    10·1 answer
  • Ryan says that a rectangle is a square because it has 4 right angles. Addy says that a rhombus is a square because it has 4 equa
    7·2 answers
  • The areas of two rectangles can be represented by the functions shown. Which function represents the difference in the areas h(x
    12·1 answer
  • if there is 27 marbles in a bag and the amount of red marbles is 5 less than 3 times the amount of blue marbles how many marbles
    11·1 answer
  • Someone plz help me!!!!!!!!!
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!