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Mnenie [13.5K]
3 years ago
12

A worker received a $10,000 bonus and decided to split it among three different accounts. He placed part in a savings account pa

ying 4.5% per year, twice as much in government bonds paying 5%, and the rest in a mutual fund that returned 4%. His income from these investments after one year was $455. How much did the worker place in the government bonds?
Business
1 answer:
kotykmax [81]3 years ago
4 0

Answer:

so savings = $2200

bonds = $4400

and mutual fund = $3400

Explanation:

given data

received bonus = $10,000

savings account paying = 4.5% per year

bonds paying = 5%

mutual fund that returned = 4%

income from these investments = $455

to find out

How much did the worker place in the government bonds

solution

we consider amount invested for 4.5 % is = x

and hen his investment in bonds is = 2x  for 5%

and rest is  10000- x  - 2x

that is = (10000- 3x ) for 4%

so

interest equation will be here

0.045 x + 0.05 (2x) + 0.04 (10000-3x) = 455

solve we get

x = 2200

so savings = $2200

bonds = $4400

and mutual fund = $3400

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Arada [10]

Answer:

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Explanation:

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Entry : Dr  Bad debts expense   15000

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5 0
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Joe is an accountant and plans to join a group of accountants. he compares a group in a general partnership with a group in a li
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8 0
3 years ago
Another bank is also offering favorable terms, so Rahul decides to take a loan of $18,000 from this bank. He signs the loan cont
Sphinxa [80]

Answer:

final loan amount = $18,455.86

so correct option is c. $18,455.86

Explanation:

given data

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rate =  10%

time = 3 months

to find out

total amount that Rahul owes the bank at the end of the loan

solution

we know that number of day in 3 months is

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number of day = 91.25 days

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now final loan amount will be

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7 0
3 years ago
For a certain item, the cost-minimizing order quantity obtained with the basic EOQ model is 200 units, and the total annual inve
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Answer:

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Therefore, the first option is correct

3 0
3 years ago
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