The way the bank determines the balance on which to calculate your interest is known as ____

A man has $245,000 invested in three properties. One earns 12%, one 10% and one 8%. His annual income from the properties is $23

astraxan [27]

Answer:

for 8% investment = $110000

for 12% investment = $55000

for 10% investment = $80000

annual income for each property is

x amount for 8% investment = $8800

y amount for 12% investment = $6600

z amount for 10% investment = $8000

Explanation:

Given data

investment = $245000

rate 1 = 12%

rate 2 = 10%

rate 3 = 8%

annual income = $23400

rate = 8% twice that invested at 12%

to find out

invested in each property and the annual income from each property

solution

let us consider x amount for 8% investment

and consider y amount for 12% investment

and consider z amount for 10% investment

from question we say, 8% is twice that invested at 12%

x = 2y ........1

and

x + y + z = 245000 .............2

put 1 in equation 2

2y + y + z = 245000

z = 245000 - 3y ...................3

and we can say that

0.08x + 0.12y + 0.10z = 23400 ...........................4

put equation 1 and 3 in 4

0.08(2y) + 0.12y + 0.10( 245000 - 3y ) = 23400

0.16y + 0.12y - 0.3y = -1100

0.02y = 1100

y = $55000

so x = 2(y) = 2(5500) = $110000

and z = 245000 - 3(55000) = $80000

so annual income for each property is

x amount for 8% investment = 0.08 × 110000 = $8800

y amount for 12% investment = 0.12 × 55000 = $6600

z amount for 10% investment = 0.10 × 80000 = $8000

4 0

3 years ago

An Uber driver faces costs for driving that include sunk costs like insurance that contribute to the average cost per mile of $.

crimeas [40]

Answer: sunk costs don't increase as driving increases.

Explanation: sunk costs are irrelevant costs because they have already occured in the past and cannot be avoided. Sunk costs thus do not differ between alternatives, and are unavoidable. The calculation for insurance and other sunk costs are likely not based on the amount of rides the Uber picks up, but rather calculated at a constant rate. So regardless of whether or not the rider pays more or less than the $.50 on the insurance, this will not have any effect on the insurance that is constant and has likely already been paid out.

4 0

3 years ago

Which is the biggest company in Germany?

Fynjy0 [20]

Royal Dutch Shell
Shell

7 0

3 years ago

When mary does gymnastics for two hours and her grade on the economics test?

vovikov84 [41]

I really don't understand what you are asking

3 0

3 years ago

Diana owns a bakery where she sells cupcakes. Two blocks down there is another bakery, CC's Bakery, that sells cupcakes for $1 l

elena-14-01-66 [18.8K]

Answer:

competitor-oriented pricing

Explanation:

competitor-oriented pricing is a technique for valuing in which a producer's value is resolved more by the cost of a comparable item sold by an incredible contender than by contemplation of purchaser request and cost of generation; likewise alluded to as Competition-Based Pricing.

For instance: a firm needs to value another espresso producer. The company's rivals sell it at $25, and the organization thinks about that the best cost for the new espresso producer is $25. It chooses to set this very cost without anyone else item.

3 0

3 years ago

The way the bank determines the balance on which to calculate your interest is known as _____.