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Blizzard [7]
3 years ago
15

How long can late payments stay on your credit report?

Mathematics
1 answer:
ratelena [41]3 years ago
5 0
The exception is if you are 60 days<span> late often which will certainly hurt your scores. Otherwise, one late payment should not cause long term damage. </span>90 days<span>late: This record will damage your credit scores significantly for up to </span>seven years<span>.</span>
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$13,957 is invested, part at 7% and the rest at 6%. If the interest earned from the amount invested at 7% exceeds the interest e
ch4aika [34]

Answer:

The Amount invested at 7% interest is $12,855

The Amount invested at 6% interest = $1,102  

Step-by-step explanation:

Given as :

The Total money invested = $13,957

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And The money invested at 6% = p_2 = $13957 - $A

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And The interest earn at 6% = I_2

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Let The time period = 1 year

Now,<u> From Simple Interest method</u>

Simple Interest = \dfrac{\textrm principal\times \textrm rate\times \textrm time}{100}

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Or,  I_1 = \dfrac{\textrm A\times \textrm 7\times \textrm 1}{100}

And

I_2 = \dfrac{\textrm p_2\times \textrm 6\times \textrm 1}{100}

Or,  I_2 = \dfrac{\textrm (13,957 - A)\times \textrm 6\times \textrm 1}{100}

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So, \dfrac{\textrm A\times \textrm 7\times \textrm 1}{100} -  \dfrac{\textrm (13,957 - A)\times \textrm 6\times \textrm 1}{100} = $833.73

Or, 7 A - 6 (13,957 - A) = $833.73 × 100

Or, 7 A - $83,742 + 6 A = $83373

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i.e A = $12,855

So, The Amount invested at 7% interest = A = $12,855

And The Amount invested at 6% interest = ($13,957 - A) = $13,957 - $12,855

I.e The Amount invested at 6% interest = $1,102

Hence,The Amount invested at 7% interest is $12,855

And The Amount invested at 6% interest = $1,102   . Answer

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