1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
podryga [215]
3 years ago
14

Applying the interest allowance method, compute Julie's and Jennifer's share of net income if Julie invested $40,000 and Jennife

r invested $24,000 at an 8% interest rate, with the remainder to be divided equally. Net income was $10,000.
Mathematics
1 answer:
MaRussiya [10]3 years ago
4 0

Answer:

Julie's share = $3200+2940 = $6140

Jennifer's share = $1920 +$3200 = $5120

Step-by-step explanation:

Julie invested $40,000  at an 8% interest rate = 8/100 * 40,000 = $3200

Jennifer  invested $24,000 at an 8% interest rate = 8/100 * 24,000 = $1920

Now to find the remainder profit add the interest rate of julie and jennifer and subtract the answer from net income.

Julie interest  = $3200

Jennifer interest  =  $1920

Total interest = 3200+1920 = $4120

Now subtract it from net income.

10,000 - 4120 = $5880

Total Remainder profit = $5880

Now to  divide the remainder $5880 equally between julie and jennifer, simply divide 5880 by 2

= 5880/2 = $2940

Thus julie and jennifer would have $2940 remainder each.

Julie's share = $3200+2940 = $6140

Jennifer's share = $1920 +$3200 = $5120 ....

You might be interested in
Given the following perfect square trinomial, fill in the missing term. <br><br> x2 − 16x + ____
pychu [463]
The pattern is:
( a - b )² = a² - 2 a b + b² ( square of last term of binomial - the missing term)
x² - 2 · 8 · x + 8² = x² - 16 x + 64 = ( x - 8 )²
The missing term is: 64
6 0
3 years ago
Read 2 more answers
Choose the statistical question. * please help now
Oliga [24]

Answer:

*me sweating while answering this*

Step-by-step explanation:

i think my dogs weigh about 50 pounds each

i am 5'6 feet tall

my favorite color is blue

4 0
2 years ago
The isosceles triangle shown has a base of 4 y + 2 and a perimeter of 6 y + 12 .  Which expression represents the length of 1 o
liberstina [14]

Answer:

The expression that represents the length of 1 of the triangle's legs is y + 5

Step-by-step explanation:

An isosceles triangle has two sides equal which are the triangle legs. Let b represent the base of the triangle and l represent one of the triangle's legs. Then, the perimeter, P is given by

P = l + l + b

i.e P = 2l + b

From the question, P = 6y + 12 and b = 4y +2

∴ 6y + 12 = 2l + 4y + 2

6y - 4y + 12 - 2 = 2l

2y + 10 = 2l

∴ 2l = 2y + 10

Then,

l = (2y+10)/2

l = y + 5

Hence, the expression that represents the length of 1 of the triangle's legs is y + 5  

4 0
3 years ago
Can you please help do not understand
o-na [289]
The first blank on the left side should be 0 I think
7 0
2 years ago
A bakery uses 8 table spoons of honey for every 10 cups of flour to make bread dough some days they bake bigger batches and some
Arada [10]

Answer:

The ratio would be, 4 tablespoons of honey: 5 cups of flour

Step-by-step explanation:

4/5 is the simplified version of 8/10, which is what we were first given

6 0
2 years ago
Other questions:
  • Lily is standing at horizontal ground level with the base of the Sears Tower. The angle formed by the ground and the line segmen
    15·1 answer
  • The square of x increased by the cube of y
    6·1 answer
  • John's commute time to work during the week follows the normal probability distribution with a mean time of 26.7 minutes and a s
    11·1 answer
  • I really need help, please
    15·2 answers
  • Can you help me please?
    7·1 answer
  • Fingernails grow about 1.5 inches per year. How long would it take to grow nails 37 inches long? (PLEASE SHOW YOUR WORK)
    5·1 answer
  • ben orders a case of his favorite macaroni and cheese.the case contains 18 same size boxes that weigh a total of 7.2 pounds.whic
    14·2 answers
  • Complete the dilation centered at A with a scale factor of 1/2.
    8·1 answer
  • Simplify the following absolute value expression.<br> -|2-(-3)|
    5·1 answer
  • Find the exact value of inverse cos (square root of 3/ 2.
    6·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!