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
Minchanka [31]
3 years ago
15

In planning her retirement, Liza deposits some money at 2.5% interest, with twice as much deposited at 4.5%. Find the amount dep

osited at each rate if the total annual interest income is $1150.
Mathematics
1 answer:
Harlamova29_29 [7]3 years ago
7 0

Let us assume $x is deposit at 2.5% interest.

At the rate 4.5% deposited amount is twice of the amount deposited at 2.5%.

Therefore, at the rate 4.5% deposited amount = $2x.

Total interest earned by both different deposited amount at the rate 2.5% and at the rate 4.5% = $1150.

We can setup an eqation now,

Interest earned on $x at 2.5% + interest earned on $2 at 4.5% = $1150.

2.5% of x + 4.5% of 2x = 1150

Percentage could be written in decimals by dividing by 100.

Therefore, 2.5% = 2.5 /100= 0.025 and 4.5% = 4.5/100 = 0.045.

We could rewrite above equation as,

0.025*x + 0.045 * 2x = 1150

0.025x + 0.09x =1150

Adding 0.025x + 0.09x, we get 0.115x.

So, 0.115x=1150.

Dividing both sides by 0.115.

0.115x/0.115=1150/0.115.

x= $1000.

2x= 2* 1000= $2000

Therefore,

$1000 deposited at 2.5% and $2000 deposited at 4.5%.



You might be interested in
a bean plant was 1.5 m high one week ago. In 7 days it grew 15 cm . find the current height of the bean plant
natali 33 [55]

the answer is 16.5cm

just add 15 +1.5 and you get 16.5

8 0
3 years ago
Read 2 more answers
Solve the equation 42=7r r=​
Juli2301 [7.4K]

Answer: r=6

Step-by-step explanation:

Because if 42 equals 7 times r you just have to divide 42 by 7.

8 0
3 years ago
Read 2 more answers
Solve√( 7×±4 )≈2√× and the steps involved
Neporo4naja [7]
Hey it Tya!

Hey ur welcome !

Hahah
4 0
3 years ago
Which event has a probability other than 3?
tensa zangetsu [6.8K]
The probability of compound events combines at least two simple events, either the union of two simple events or the intersection of two simple events.
6 0
3 years ago
Complete the equation of the line through (-8, -2) and (-4, 6).<br> Use exact numbers.
saveliy_v [14]
Use the slope formula and slope-intercept form Y=Mx+b to find the equation.
Y=2x + 14
3 0
3 years ago
Read 2 more answers
Other questions:
  • Solve for x. 5/3 times x ≤ 10
    13·2 answers
  • How do you multiply 6 x 298 using friendly numbers?
    7·1 answer
  • a relation is a set of ordered pairs where the first element is called the ranged while the second element is the domain​
    15·1 answer
  • Erica keeps her buttons in a container the shape of a cube. She want to paint each face a different color. How many colors does
    11·1 answer
  • Using the order of operations rule, solve the following: 12 ÷ 2 + 4 – 2 × 3 = ?
    9·2 answers
  • Find the sum of 5x^3-3x^2+5 and -2x^3+6x^2-5
    12·1 answer
  • I will give you brainliest!!!! Add the equations.
    7·1 answer
  • I need help please.
    11·1 answer
  • The length of a rectangle field is represented by the expression 14 X minus 3X squared +2 Y. The width of the field is represent
    11·1 answer
  • carol is making baby blankets for her daughters twins. If one blanket needs 43/4 yd of fabric, how much fabric does carol need f
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!