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
vivado [14]
3 years ago
7

An actor invests some money at 5​% simple​ interest, and ​$21 comma 000 more than three times the amount at 6 %. The total annua

l interest earned from the investment was ​$29 comma 550. How much did he invest at each​ amount?
Business
1 answer:
pshichka [43]3 years ago
5 0

Answer:

The total amount invested at 5% is $123,000

The total amount invested at 6% is $390,000

Explanation:

M = amount of money invested at 5%

3M + 21,000 = amount of money invested at 6%

0.05M + 0.06(3M + 21,000) = 29,550

0.05M + 0.18M + 1,260 = 29,550

0.23M = 28,290

M = 28,290 / 0.23 = 123,000

3M + 21,000 = 369,000 + 21,000 = 390,000

You might be interested in
Which statement best summarizes the law of demand ?
Verizon [17]

Answer:

The answer is D

Explanation:

6 0
3 years ago
"Liberty may be endangered by the abuse of liberty, but also by the abuse of power."—James Madison Which of the following statem
Alex73 [517]

Answer:

James Madison is known as the Father of the Constitution, and he worked very hard to limit the powers of the government branches, so that no government branch would be more powerful than the other two. He was a great supporter of the Bill of Rights, which also limited the power of the government towards the citizens of the nation.  

This specific quote refers to the checks and balances system that prevents any of the three branches of the US government; executive, legislative and judicial, from becoming too powerful.

5 0
3 years ago
Hoi Chong Transport, Ltd., operates a fleet of delivery trucks in Singapore. The company has determined that if a truck is drive
Anvisha [2.4K]

Explanation:

The computation of the fixed cost and the variable cost per hour by using high low method is shown below:

Variable cost per hour = (High Operating cost - low operating cost) ÷ (High driven in kilometers - Low driven in kilometers)

where,

High operating cost = 114,000 km × 12.7%

= $14,478

Low operating cost = 76,000 km  × 14.8%

= $11,248

So,

= ($14,478 - $11,248) ÷ (114,000 km - 76,000 km)

= $3,230 ÷ 38,000 km

= $0.085 per km

Now the fixed cost equal to

= High operating cost - (High driven in kilometers × Variable cost per km)

= $14,478 - (114,000 km × $0.085)

= $14,478 - $9,690

= $4,7882

2. The equation is as follows

Y = a + bx

So,

Total cost = $4,788 + 0.085X

3.

Y = a + bx

   = $4,788 + 0.085 × 95,000

   = $4,788 + $8,075

   = $12,863

5 0
3 years ago
Advantages of supermarkets?​
bazaltina [42]

Answer:

you can buy and get stuff in physical form.

Explanation:

8 0
3 years ago
Read 2 more answers
Karlie wants to be an anthropologist. What is the academic requirement for this job?
Harlamova29_29 [7]
There are a couple of academic requirements for an anthropologist job. If Karlie wants to be start at an entry level anthropologist job she will need a bachelor's degree. If Karlie wants to start at an advanced level, she will need a doctoral or master's degree. 
8 0
3 years ago
Other questions:
  • Is the externality positive or negative? Explain. Identify the socially optimum output. Explain how you determined your answer.
    7·1 answer
  • After 30 selfless years of service to our company, Renalda Garwacki has chosen to take a little more time for herself. With a ne
    13·1 answer
  • "Motorcycle Manufacturers, Inc. projected sales of 76,000 machines for 2010. The estimated January 1, 2010, inventory is 6,500 u
    9·2 answers
  • In a fixed-order-quantity system, when demand is uncertain, using economic order quantity (EOQ) based only on the average demand
    6·1 answer
  • Economists look at any situation in terms of its component parts: the people making decisions, the environment in which they're
    10·1 answer
  • in your opinion, does making a lot of money automatically mean you have a large savings account ? why or why not ILL MARK BRAINL
    10·1 answer
  • Aquilera, Inc., has sales of $19.6 million, total assets of $14.6 million, and total debt of $5.4 million. The profit margin is
    11·1 answer
  • The financial statements of an Enterprise fund are prepared using the :_______
    13·1 answer
  • A bond issue with a face amount of $500,000 bears interest at the rate of 7%. The current market rate of interest is 6%. These b
    15·1 answer
  • bridgeport company changed depreciation methods in 2020 from double-declining-balance to straight-line. depreciation prior to 20
    7·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!