Melanie invests a total of $7,000 in two accounts paying 6% and 7% annual interest, respectively. How much was invested in each account if, after one year, the total interest was $435.00. was invested at 6% and was invested at 7%.
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A: The rate of interest can be computed with the help of future value function.
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A: Given: Balance = P20,000 Interest rate = 8% Periods = 5 years
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Q: Phyllis invested $9,000, a portion earning a simple interes
A: Phyllis invested $9,000, a portion earning a simple interest rate of 4.5 1 2 % per year…
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Q: Kristina invests a total of $23,000 in two accounts. The first account earned an annual interest…
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A: The rate of return earned on the account can be computed by using the concept of time value of money
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Q: Melanie invests a total of $27,500 in two accounts paying 2% and 14% annual interest, respectively.…
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- Maria invests a total of $29,500 in two accounts paying 15% and 14% annual interest, respectively. How much was invested in each account if, after one year, the total interest was $4,330.00Ryan invests $4400 in two different accounts, the first account paid 8%, the second account paid 14% in interest. At the end of the first year he had earned $436 in interest. How much was in each account?Ms. Walsh invested $35,000 in two accounts. one yielding 8% interest and the other yielding 9%. if she received a total of $3,000 in interest at the end of the year, how much did she invest in each account? the amount invested at 8% was $ the amount invested at 9% was $
- Kristina invests a total of $23,000 in two accounts. The first account earned an annual interest rate of 12% and the second account earned an annual interest of 10%. At the end of one year, the total amount of money gained was $2,470.00. How much was invested into each account?_________$ was invested in the account that earned 12% and__________$ was invested in the account that earned 10%.Jonathan invested a total of Php 20,000.00 in two simple interest savings accounts, one having an annual interest rate of eight percent, the other, seven percent. If the total annual earnings from the two accounts are Php 1,517.50, how much was invested in each account?Mr. Chua invest 45,000 into two different accounts which pay 7% and 8% annual interest. If he earned a total of 45,000 for the year, how much did he invest at each rate?
- A woman has a total of $8,000 to invest. She invests part of the money in an account that pays 5% per year and the rest in an account that pays 11% per year. If the interest earned in the first year is $460, how much did she invest in each account? account paying 5% $________ account paying 11% $___________Eric invested $2,000 at the beginning of every 6 months in an RRSP for 11 years. For the first 9 years it earned interest at a rate of 4.40% compounded semi-annually and for the next 2 years it earned interest at a rate of 5.30% compounded semi-annually. a. Calculate the accumulated value of her investment at the end of the first 9 years. $57,787.31 $58,007.88 $43,591.27 $44,550.27 b. Calculate the accumulated value of her investment at the end of 11 years. $57,787.31 $58,007.88 $53,094.50 $44,550.27 c. Calculate the amount of interest earned from the investment. $14,007.88 $13,787.31 $13,463.65 $544.23Bianca invested $2,100 at the beginning of every 6 months in an RRSP for 11 years. For the first 8 years it earned interest at a rate of 4.70% compounded semi-annually and for the next 3 years it earned interest at a rate of 6.40% compounded semi-annually. a. Calculate the accumulated value of his investment at the end of the first 8 years. $63,385.77 $63,822.64 $40,223.97 $41,169.23 b. Calculate the accumulated value of her investment at the end of 11 years. $63,385.77 $63,822.64 $55,258.15 $41,169.23 c. Calculate the amount of interest earned from the investment. $17,622.64 $17,185.77 $16,133.72 $1,488.92
- Phyllis invested $9,000, a portion earning a simple interest rate of 4 1 2 % per year and the rest earning a rate of 4% per year. After one year the total interest earned on these investments was $400.00. How much money did she invest at each rate?Phyllis invested $7,500, a portion earning a simple interest rate of 4 1/5 % per year and the rest earning a rate of 4% per year. After one year the total interest earned on these investments was $312.00. How much money did she invest at each rate? at 4 1/5 % per year $ at 4 % per year $Jim invests $15,000 today into an account, If the amount in the account accumulates to $17,364.37 at the end of 3 years, what was the interest rate that Jim earned on the account?
