Ask question

Ask question

All categories

Mandarinka [93]

2 years ago

5

An executive invests $22,000 some at 7% ad some at 6% annual interest. If he receives an annual return of $1,420, how much is in

vested at each rate?

1 answer:

34kurt2 years ago

8 0

Answer:

he invested $10,000 at 7% and $12,000 at 6%

Step-by-step explanation:

There are 2 equations that appear from this problem

X+Y=22,000 and 0.07x + 0.06y = 1420

Lets start by simplifying X+Y=22000

Y = 22000 - x

now plug this into the Y value for the other equation

0.07x + 0.06(22000-x) = 1420

0.07x + 1320 -0.06x = 1420

0.01x = 100

X = 10000

now plug 10000 into x for the simplified equation

Y = 22000 - 10000

Y = 12000

You might be interested in

HURRY ANSWER!!!!!!!!1 3^3+5⋅5

Step2247 [10]

Hello,

The correct answer is 52!
Hope this helps!
Brainliest?

3 0

2 years ago

Read 2 more answers

Matt has a rectangular garden that is 10 ft wide and 24 Ft long . He wants to build a fence from one corner to the opposite corn

iogann1982 [59]

He needs 26 feet of fence.

The diagonal of the rectangle forms the hypotenuse of a right triangle. The two legs would be the width of the rectangle, 10, and the length, 24:

10²+24² = c²
100+576 = c²
676 = c²
c = √676 = 26

5 0

3 years ago

Read 2 more answers

2cot^2(x)-7csc(x)+8=0

Crank

Hello here is a solution :

6 0

3 years ago

A + 2b = 1<br>2a + b = 8

xxMikexx [17]

Answer:

............................

4 0

2 years ago

Line p has a slope of -7/8

Alik [6]

Answer:

The slope of line q is $-\frac{7}{8}$ .

Step-by-step explanation:

We know that line p has a slope of $-\frac{7}{8}$ , and that line p and line q are parallel. Parallel lines always have the same slope. Thus, the slope of line q must be $-\frac{7}{8}$ as well.

6 0

2 years ago