Answer: he invested $46062.5 at 6% and $23031.25 at 10%
Step-by-step explanation:
Let x represent the amount which he invested in the account paying 6% interest.
Let y represent the amount which he invested in the account paying 10% interest.
He puts twice as much in the lower-yielding account because it is less risky.. This means that
x = 2y
The formula for determining simple interest is expressed as
I = PRT/100
Considering the account paying 6% interest,
P = $x
T = 1 year
R = 6℅
I = (x × 6 × 1)/100 = 0.06x
Considering the account paying 10% interest,
P = $y
T = 1 year
R = 10℅
I = (y × 10 × 1)/100 = 0.1y
His annual interest is $7370dollars. it means that
0.06x + 0.2y = 7370 - - - - - - - - - -1
Substituting x = 2y into equation 1, it becomes
0.06 × 2y + 0.2y = 7370
0.12y + 0.2y = 7370
0.32y = 7370
y = 7370/0.32
y = $23031.25
x = 2 × 23031.25
x = 46062.5
Answer: C
Step-by-step explanation:
Answer:
Step-by-step explanation: you just need to find the greatest factors and least multiple then do it to two numbers
Answer:
n = 4
Step-by-step explanation:
Use the explicit formula of a arthmetic sequence: an = a1 + d(n - 1)
a1 = -70
d = -10
an = -100
Do all of the steps and plug all the numbers with the formula.
So -100 = -70 - 10(n - 1)
-100 = -70 - 10n + 10
-100 = -60 - 10n
-100 + 60 = -40
-40 = -10n
-40/-10n = -10n/10
n = 4
So the final answer is n = 4. Just follow all of the steps and you will understand how I got my answer. Hope it helped!
