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
Three employees believe that their pay is too low. One of them quits, the second complains to management about the low pay, and
Charra [1.4K]

Answer and explanation:

The EVLN (Exit, Voice, Loyalty, Neglect) model explains how employees react differently in front of dissatisfaction at work. In such a way:

  • Exit:<em> implies quitting or requesting a change of roles within the same organization. </em>
  • Voice: <em>involves providing constructive suggestions about a stressful situation. </em>
  • Loyalty:<em> implies waiting for the issue to be solved by others. </em>
  • Neglect:<em> involves reducing labor efficiency to harm the company's performance. </em>

Thus, in the example, the<em> exit (employee who quits), voice (employee who complains), </em>and<em> loyalty (employee who does nothing)</em> reactions are used by employees even if they share the general idea that payments are low.

4 0
3 years ago
Your company rents computers to local businesses and schools. You have 3,000 computers with a book value of $177,500. As a resul
pantera1 [17]

Answer:

The answer is $61,000

Explanation:

An impairment loss is recognized when the carrying amount of an asset is less than its fair value(prevailing market price).

The difference between the carrying value and fair value is written off. Carrying amount is the cost of acquiring an asset minus any subsequent depreciation and impairment charges.

Impairment Loss = Book Value – Market Value

Impairment Loss = $177,500 - $116,500

Impairment loss is $61,000

5 0
3 years ago
What are some specific emotional reasons people may reject the gospel message
natima [27]

Some people might reject the gospel message because they have a different opinion on the matter, they have a different religion, or they simply don't understand. People tend to reject things they don't understand.

6 0
3 years ago
Suppose that consumer spending initially rises by $5 billion for every 1 percent rise in household wealth and that investment sp
enyata [817]

Answer:

left by 30 billons

then right by 40 billons

Explanation:

the aggregate demand curve will move to the left as the consumption of the economy will fall as the household are less wealthy than before.

Then, as the interest rate fall the aggregate demand curve will move to the right as the investing increase as now more projects are profitable.

<em>Calculations:</em>

<em />

5 billon for every point of wealth:

6 points x 5 billon = 30 billons

20 billion of inventing per 1% of interest rate decrease

2 points x 20 billions = 40 billons

7 0
4 years ago
In the manufacture of 8,000 units of a product, direct materials cost incurred was $154,600, direct labor cost incurred was $84,
Ilia_Sergeevich [38]

Conversion costs are the combination of direct labor costs plus factory overhead costs. Hence, conversion costs exclude the cost of direct materials.

So, here the conversion cost = Direct labor cost + Factory overhead cost

= $ 84,000 + $ 45,500

= $ 129,500

3 0
3 years ago
Other questions:
  • Each time a method is invoked, the system stores parameters and local variables in an area of memory, known as _______, which st
    10·1 answer
  • What is axiom of power
    8·1 answer
  • If you’re offered and no-interest loan, the amount of the loan should not exceed
    9·1 answer
  • On January 1, 2021, Splash City issues $320,000 of 8% bonds, due in 15 years, with interest payable semiannually on June 30 and
    10·1 answer
  • Coal Train Mines paid $435000 for the right to extract ore from a 225000​-ton mineral deposit. In addition to the purchase​ pric
    15·1 answer
  • You purchased a roundtrip ticket to a friend's wedding in Cleveland on Saturday for $400, but on Sunday you discover your return
    5·1 answer
  • What economic challenge did the newly formed American federal government face? Which act created nationally chartered banks and
    11·2 answers
  • What's one disadvantage of a certificate of deposit (CD) as compared to a passbook savings account?
    8·2 answers
  • Pecan acquires Southern in an acquisition reported as a merger. The acquisition results in $50 million in goodwill. The acquisit
    8·1 answer
  • Individuals who are paid by someone in exchange for labor or service are referred to as:_____.
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!