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nikitadnepr [17]
3 years ago
8

Bonnie invested $8,000 in two accounts paying 5% and 6% annual interest. Her money earned a total of $445 in interest in one yea

r. How much was invested in each account?
Business
1 answer:
polet [3.4K]3 years ago
5 0

Answer:

6% = 4500

5% = 3500

Explanation:

wo equations can be derived from the question

x + y = $8,000 equation 1

0.05x + 0.06y = $445. equation 2

x = amount invested in 5%  

y =  amount invested in 6%  

multiply equation 1 by 0.05

0.05x + 0.05y = 400 equation 3

subtract equation 3 from 2

0.01y = 45

y = $4500

substitute for y in equation 1

8500 - 4500 = 3500

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If 0% inflation is targeted, the policy might be so effective that inflation becomes negative and deflation happens.

When deflation happens, the economy will experience hardships with lower production levels that will impact other sectors of the economy.

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Answer:

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adjusting entry december 31th

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january 3rd, 2019

cash                                717,500 debit

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The concept of venue reflects the policy that: _____________
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Answer:

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