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Genrish500 [490]
2 years ago
12

Juan invests a total of $350000 in two accounts. The first account earned a rate of return of 3% (after a year). However, the se

cond account suffered a 2% loss in the same time period. At the end of one year, the total amount of money gained was $1250. How much was invested into each account
Business
1 answer:
QveST [7]2 years ago
3 0

Answer:

Juan invested $ 165,000 at a rate of return of 3%, and $ 185,000 in the account that had losses of 2% per year.

Explanation:

Given that Juan invests a total of $ 350,000 in two accounts, and the first account earned a rate of return of 3% (after a year), but however, the second account suffered a 2% loss in the same time period, and at the end of one year, the total amount of money gained was $ 1250, to determine how much was invested into each account, the following calculation must be performed:

175,000 x 0.03 - 175,000 x 0.02 = 1,750

160,000 x 0.03 - 190,000 x 0.02 = 1,000

165,000 x 0.03 - 185,000 x 0.02 = 1,250

Therefore, Juan invested $ 165,000 at a rate of return of 3%, and $ 185,000 in the account that had losses of 2% per year.

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Explanation:

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3 years ago
How much should be in the reserve for fixed expenses?
olchik [2.2K]

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Explanation:

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3 years ago
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Explanation:

Giving the following information:

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<u>3. can get started more easily and maneuver faster</u>

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