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
MariettaO [177]
3 years ago
10

An executive invests $27,000, some at 8% and the rest at 7% annual interest. If he receives an annual return of $2,050, how much

is invested at each rate
Mathematics
2 answers:
Ludmilka [50]3 years ago
7 0
Let x be the amount invested at 8%
the remaining amount (27,000 - x) was invested at 7%. After one year 
$x yielded an interest A₁  OR A₁ = x(0.08)
The remained yielded an interest of A₂ = (27000 - x) (8%)
A₁   =   x(0.08)
A₂   =   (27000 - x) (8%)
----       ---------------------------------
A₁+A₂ = x(0.08) + (27000 - x) (8%)

2050 = x(0.08) + (27000 - x) (8%)

2050 = 0.08x - 0.07x +1890
2050 - 1890 = 0.01x

x = 160/0.01 = $16,000 @ 8% and $11,000 @ 7%


Ierofanga [76]3 years ago
5 0
8%X + 7%(27000-X) = 2050
.08X + 1890 + .07X = 2050
.15X = 160
X = $1067.67
You might be interested in
HELP I DONT KNOW HOW TO DO THIS
const2013 [10]
To find the circumference (c) use the formula (pi d) in other words 3.14 x diameter
To find the radius to find the diameter: 2R (double the radius)
To find radius 1/2 D (half the diameter)
7 0
2 years ago
Please help. 10 points
mestny [16]
It's either A or C but correct me if I'm wrong :)
5 0
3 years ago
peter buys 8.5 square feet of carpet. the carpet cost $10.20 cents per square foot. how much does peter pay for the carpet?
Fiesta28 [93]
10.20*8= 81.60
10.20*.5= 5.10
add
81.60+5.10= 86.70
ANSWER: Peter pays $86.70 for the carpet
5 0
3 years ago
Z2+9z+14<br> Any help would be appreciated. the z's actually have exponents.
Degger [83]

Step-by-step explanation:

the Answer is (z+7)(z+2) the solution is in the picture above please mark me brainliest :)

6 0
3 years ago
What is 0.371 as a decimal
sweet [91]

Answer:

It is in a decimal.

In a fraction it’s 371/1000

In a percentage 37.1%

7 0
3 years ago
Read 2 more answers
Other questions:
  • Solve the inequality. -8(1-x)+x&gt;-(8-2x)+8
    9·1 answer
  • 0002077 in scientific notation
    10·1 answer
  • A blueprint for a house states that a 6 inch line represents 11 feet on the actual home. If the house is to be a
    7·1 answer
  • 20 POINTS PLEASE ANSWER ASAP What is the equation for the line? Enter your answer in the box.
    7·1 answer
  • Hello, I need help. thank you
    6·2 answers
  • 100=x^2+y^2<br> 0=3x+4y<br><br> This sentence is to fill characters
    5·1 answer
  • Plz help its a quick question<br> x^5 . x^7
    8·1 answer
  • PLEASE HELP ILL GIVE BRAINLIEST!
    9·2 answers
  • 1)<br> Find the value of x.
    5·1 answer
  • I’m stuck on this question. Help please
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!