Answer:
The amount invested at 6% is $12,857.14
The amount invested at 13% is $17,142.86
Step-by-step explanation:
Let
x ----> the amount invested at 6%
30,000-x -----> the amount invested at 13%
we know that
The interest earned by the amount invested at 6% plus the interest earned by the amount at 13% must be equal to the interest earned by the total amount of $30,000 at 10%
Remember that
so
The linear equation that represent this situation is
solve for x
therefore
The amount invested at 6% is $12,857.14
The amount invested at 13% is $17,142.86
Answer:
the answer is c
Step-by-step explanation:
plato users
98, -98. how ya gonna make that twenty characters long
Answer:
Sylvia's investment would double first
Step-by-step explanation:
The number of years it takes for amount invested to double itself using the 72 rule is 72 divided by rate of interest as computed below:
Sylvia investment:
Sylvia's investment would double in 9 years' time (72/8)
Manuel's investment"
Manuel investment of $600 would double itself in 9.9 years' time (72/7.25)
From the above analysis,Sylvia's investment of $500 at the 8% rate of interest would double first
