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nalin [4]
3 years ago
14

Jill and Brian divided up $1900 between two investment accounts. Jill's account earns 4% interest and Brian earns 3%. If their c

ombined interest earns them $70, then how much was originally invested in each account?
Business
1 answer:
tia_tia [17]3 years ago
6 0

Answer:

The amounts invested in the accounts that yielded 3% and 4% interests are $600 and $1,300 respectively

Explanation:

Total amount divided = $1900

Let the amount invested in the two accounts be a and b

such that

a + b = 1900      ------------- Equation 1

then,

3% of a + 4% of b = 70

0.03a + 0.04b = 70

3a + 4b = 7000  -------------  Equation 2

Solving equations 1 and 2 simultaneously

a + b = 1900

3a + 4b = 7000

3a + 3b = 5700

b = 7000 - 5700

b = 1,300

a = 1900 - 1300

a = 600

The amounts invested in the accounts that yielded 3% and 4% interests are $600 and $1,300 respectively.

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Option A

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Answer:

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b) Gain or loss on sale of treasury stock is not to be treated as income, it should be added or subtracted from share capital because it is a capital transaction.

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Explanation:

When corporations for some strategic reasons and the desire to maintain and stabilize the shareholders wealth decide to buy back some of its shares, that is what is known as treasury stock. It is also called reacquired stock

a. The treasury stock is like a corporation acquiring itself, so it cannot be shown as an asset, it is only a reclassification within the same balance sheet.

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3 years ago
1. How is inflation measured? Fill in the blanks to complete the passage about the CPI and the GDP deflator. The Consumer Price
Murljashka [212]

Answer:

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Answer:

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