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Alik [6]
3 years ago
11

A total of $4000 was invested, part of it at 8% interest and the remainder at 11%. if the total yearly interest amounted to $365

, how much was invested at each rate?
Business
1 answer:
ella [17]3 years ago
7 0
<span>$1500 was invested at 11% $2500 was invested at 8% Assuming simple interest for each investment, we have the following expressions 0.11x = interest on 11% investment. (x = amount invested at 11%) 0.08(4000-x) = interest on 8% investment Adding the 2 expressions together and setting the sum to 365 gives 0.11x + 0.08(4000-x) = 365 Now solve for x by first distributing the 0.08 0.11x + 320 - 0.08x = 365 Subtract 320 from both sides and combine x's 0.03x = 45 Divide both sides by 0.03 x = 1500 So $1500 was invested at 11% and (4000-1500) = 2500 was invested at 8%</span>
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Answer:

3.5 customers

Explanation:

The computation of the average number of customers in the system is shown below:

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= (210 customers) ÷ (270 customers - 210 customers)

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Question 27 pts OSHA, the Occupational Safety and Health Administration, has notified you that your company is legally required
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b. <u>cash, investments, and receivables, inventories, prepayments</u>

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8 0
3 years ago
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11%

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Rearrange a bit this formula, we have:

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kramer

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$1.86

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7 0
3 years ago
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