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
abruzzese [7]
2 years ago
13

An investor is planning to invest a total of $15,000 in two accounts, one paying 4% annual simple interest, and the other 3%. If

he wants to earn $550 annually in interest, how much should he invest at each rate
Business
1 answer:
irga5000 [103]2 years ago
3 0

The amount that should be invested in the account that yields a 4% interest is $10,000.

The amount that should be invested in the account that yields a 3% interest is $5,000.

<h3>What are the linear equations that represent the question?</h3>

a + b = 15,000 equation 1

0.04a + 0.03b = 550 equation 2

Where:

a = amount invested in the account that yields a 4% interest

b = amount invested in the account that yields a 3% interest

<h3>How much should be invested at each rate?</h3>

Multiply equation 1 by 0.04

0.04a + 0.04b = 600 equation 3

Subtract equation 2 from equation 3

0.01b = 50

b = 50 / 0.01

b = 5000

Subtract 5000 from 15,000

15000 - 5000 = 10,000

To learn more about linear functions, please check: brainly.com/question/26434260

#SPJ1

You might be interested in
A margin account has a market value of $24,000 and a debit balance of $20,000. The maintenance call will be for
IrinaK [193]

Answer:

The maintenance call will be for:

$20,000.

Explanation:

Operating a margin account means that the investor is permitted by her brokerage firm to buy securities with borrowed funds (or the broker's funds).  The maintenance call is the requirement made on the investor with this margin account (by her broker) to raise additional funds to ensure that the margin account is fully funded when it has reduced in value.  The investor with the above margin account is supposed to have a credit balance (equity) of $24,000.

6 0
3 years ago
Tan Company acquires a new machine (ten-year property) on January 15, 2017, at a cost of $200,000. Tan also acquires another new
IgorLugansk [536]

Answer:

b. $25,716

Explanation:

The total cost recovery Deduction is:

10-year property  

MACRS cost recovery ($200,000×0.10)                          $20,000

7-year property  

MACRS cost recovery ($40,000×0.1429)                         $5,716

Total cost recovery                                                      $25,716

Therefore, The total deductions in calculating taxable income related to the machines for 2017 is $25,716.

4 0
4 years ago
What is engineering?​
dolphi86 [110]

Answer:

Engineering is an occupation with an extremely wide reach. The term 'engineering' covers many fields and, by extension, many skills. Engineers are scientists, inventors, designers, builders and great thinkers and improve the state of the world, expand human capability and make people's lives safer and easier.

Engineering skills include:

  • The scientific method
  • Social, cultural and economic awareness  
  • Mathematics
  • Biology, chemistry, physics and other areas of science
  • Creativity
  • Teamwork
  • Where science is involved with designs, buildings, use of engines, machines, and structures.
5 0
3 years ago
Read 2 more answers
Disadvantages of planning​
Step2247 [10]

Answer:this a question??

Explanation:

8 0
3 years ago
Read 2 more answers
The more information an entrepreneur acquires during the process of _____, the higher the chance that his or her predictions wil
Mashutka [201]

The more information an entrepreneur acquires during the process of feasibility analysis, the higher the chance that his or her predictions will be close to the mark, risk will be reduced, and uncertainty managed.

<h3><u>Explanation:</u></h3>

The study or examination about the extent to which the proposed idea will be practical and can be achieved at an economic manner refers to the feasibility study. In business it is very essential to decide whether to take up a project or not. It also helps in narrowing the project and plan accordingly.

It also helps in making predictions about whether the expected results can be attained from a particular idea or a project. Thus during the feasibility study the entrepreneur must obtain as much information as possible as it helps him in the evaluation of risks, uncertainties and other related things.

7 0
3 years ago
Other questions:
  • Identify the tasks that require the use of vmware endpoint certificate service for certificate management
    15·1 answer
  • The three broad categories of message strategies include​ ______________.
    12·1 answer
  • ABC Machine
    10·1 answer
  • Using threats and punishment is what type of theory management
    9·2 answers
  • Choose the statement that is incorrect.
    11·1 answer
  • Which of the following is not a benefit of contributing to a retirement
    6·1 answer
  • Give three reasons why building apps might not be the sole source of income for an individual.
    10·1 answer
  • In 2014, the city of Miketown collected $150,000 in taxes and spent $350,000. In 2014, the city of Miketown had a
    6·1 answer
  • Purchasing a copy of a popular app for your smartphone means that you have purchased only a copyright to install and use the sof
    5·1 answer
  • programs involve partnerships between food producers and local consumers in which the farms provide shares of their harvest with
    11·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!