If the interest is the same for both accounts then:
.03x=.05(16000-x)
.03x=800-.05x
.08x=800
x=10000, since the interest is the same for both we can just double the interest from one investment to find the total interest earned each year...
.03(10000)2=$600.00
Answer:
150
Step-by-step explanation:
Multiply 3 x 5 x 10
Answer:
perimeter of the figure =32 units
area of the figure=56 units²
Answer: 13%
Step-by-step explanation:
The formula to find the simple interest is given by :-
, where P is the principal amount, r is rate of interest () in decimal and t is the time ( in years).
Given : P = $19,100 , I=$9932.00 and t= 4 years
Substitute all the above values in the formula , we get

In percent , 
Hence, the rate of interest = 13%