A man invests his savings in two accounts, one paying 6% and the other paying 10% simple interest per year. He puts twice as much in the lower-yielding account because it is less risky. His annual interest is $4,180. How much did he invest at each rate?6% _______$ 10% _______$ A man invests his savings in two accounts, one paying 6% and the other paying 10% simple interest per year. He puts twice as much in the lower-yielding account because it is less risky. His annualinterest is $4,180. How much did he invest at each rate?6%10%$

puts twice as much in the lower-yielding account because it is less risky. His annual interest is $4,180. How much did he invest at each rate? 6% _______$ 10% _______$

puts twice as much in the lower-yielding account because it is less risky. His annual interest is $4,180. How much did he invest at each rate? 6% _$ 10% _$

Algebra for College Students

10th Edition

ISBN:9781285195780

Author:Jerome E. Kaufmann, Karen L. Schwitters

Publisher:Jerome E. Kaufmann, Karen L. Schwitters

Chapter11: Systems Of Equations

Section11.CR: Review Problem Set

Problem 36CR: Sara invested 2500, part of it at 4 and the rest at 6 yearly interest. The yearly income on the 6...

See similar textbooks

Related questions

Q: Maricopa's Success scholarship fund receives a gift of $ 110000. The money is invested in stocks,…

Q: alan invests $17500 in three products. he invest in his first company , Amazon, which has annual…

Q: A man invested 10,000 at an interest rate of 10% compunded annually. What will be the final amount…

Q: Water tank Options 5 minutes Shreya wants to fill the water tank of her home. It should take 5…

Q: Lamis borrowed OMR 10,000 from Bank Muscat with an interest rate of 5% for 3 years. The amount she…

A: P=10000, r=5% & t=3 Now interest is, I=P·t·r100=10000·3·5100=1500

Q: Investments A man invests his savings in two accounts, one paying 6% interest per year and the other…

A: Let $x be invested in the account paying 6% interest per year. Then the amount invested in the…

Q: Agriculture A farmer has 1200 acres of land on which he grows corn, wheat, and soybeans. It costs…

A: Let x be the number of acres of corn, y be the number of acres of wheat and z be the number of acres…

Q: 14b) Suppose you have an 8-liter jug of water and two empty jugs with capacities of 5 liters and 3…

Q: Formulate but do not solve the problem. Kelly Fisher invested a total of $20,000 in two municipal…

A: Solution:

Q: Formulate but do not solve the problem. The annual returns on Sid Carrington's three investments…

A: Let x, y, and z denote the amount, in dollars, in savings, mutual funds, and bonds, respectively. 4%…

Q: MY NOTES ASK YOUR TEACHER Cyndee wants to invest $50,000. Her financial planner advises her to…

Q: You manage an ice cream factory that makes two flavors: Creamy Vanilla and Continental Mocha. Into…

A: According to the problem, we have

Q: Mixtures A chemist has three acid solutions at various con- centrations. The first is 10% acid, the…

A: Given : A chemist has three acid solutions at various concentrations. The first is 10%…

Q: A person invested 56900 for 1 year, part at 5%, part at 11%, and the remainder at 13%. The total…

A: NOTE: Refresh your page if you can't see any equations. . x amount invested at 5% so the interest is…

Q: Cyndee wants to invest $50,000. Her financial planner advises her to invest in three types of…

A: Cyndee wants to invest $50,000. Her financial planner advises her to invest in three types of…

Q: Formulate but do not solve the problem. The annual returns on Sid Carrington's three investments…

A: It is given that, the total investment is $24,582. Interest rate on savings account is 4%, interest…

Q: Maricopa's Success scholarship fund receives a gift of $ 175000. The money is invested in stocks,…

A: Topic- simple interest and basic maths

Q: T-Shirt Profit Two fraternities, Sig Ep and Ep Sig, plan to raise money jointly to benefit homeless…

A: According to the given information, Let the unit price = x And the number of T – shirts = y

Q: Formulate but do not solve the problem. Kelly Fisher invested a total of $20,000 in two municipal…

A: Let x be the amount, in dollars, invested at 8% interest.Let y be the amount, in dollars, invested…

Q: Mark has $100,000 to invest. His financial consultant advises him to diversify his investment in…

Q: The value of Maria's investments increased by 40% in the first year and by a further 20% in the…

A: The formula for accumulated amount is

Q: A farmer has 1,150 acres of land on which he grows corn, wheat, and soybeans. It costs $45 per acre…

Q: Investment Mixture A sum of $20,000 is invested in three mutual funds. In one year the first fund…

A: Given: Total investment = $20,000

Q: QUESTION A family has two cars. The first car has a fuel efficiency of 20 miles per gallon of gas…

Q: investment of $36,000was made by a business club. The investment was split into three parts and…

Q: A person invested $69006900 for 1 year, part at 88%, part at 99%, and the remainder at 1515%.…

Q: T-Shirt Profit Two fraternities, Sig Ep and Ep Sig, plan to raise money jointly to benefit homeless…

Q: Mark has $100,000 to invest. His financial consultant advises him to diversify his investment into…

A: We have to find how much mark invested in each type of bond.

Q: A cyclist takes 4 hours to travel from Town A to Town B. The cyclist's average speed for the first…

Q: Ara and Bella bought the same kind of bag in a mall but from different stores (A & B). Ara was given…

A: # Considering we need to find the cost of bag (instead of shoes) Let the original cost of bag at…

Q: Renting a car costs $40 per day or $750 per month. Renting daily is cheaper for a few days, but…

Q: An investment of $92,000 was made by a business club. The investment was split into three parts and…

A: Given: Total amount invested in three parts=$92000, the interest rates are 8%, 6% and 9%. The total…

Q: T-Shirt Profit Two fraternities, Sig Ep and Ep Sig, plan to raise money jointly to benefit homeless…

A: The demand function is a function, that describes the relationship between the price and quantity of…

Q: Maricopa's Success scholarship fund receives a gift of $ 115000. The money is invested in stocks,…

A: We want to find how much he invested on each

Q: . A man invested part of P20,000 at 18% and the rest at 16%. The annual income from 16% investment…

Q: A man invests his savings in two accounts, one paying 6% and the other paying 10% simple interest…

Q: Two investments earn an annual income of $508. One investment earns an annual simple interest rate…

Q: At a dairy plant, a milk tank can be filled in eight hours (using the in-valve). Using the out valve…

A: To find how long will it take to fill the tank?

Q: The value of Maria's investments increased by 40% in the first year and by a further 20% in the…

Q: Rent-a-Truck charges a daily rental rate for a truck of $39 plus $0.16 a mile. A competing agency,…

Q: 3. Investments Nui invests $10,000, received from her grandmother, in three ways. With one part, she…

A: Total amount = $ 10,000 Annual return =$ 605 Interest = Prt/100 Where, P = principle r = rate of…

Q: Fran receives $153 per year in a simple interest from investing $1900. Part is invested at 7%, part…

A: Question is solved.

Q: A man invests his savings in two accounts, one paying 6 percent and the other paying 10 percent…

Q: Investments Clarisse invests $60,000 in money-market accounts at three different banks. Bank A pays…

A: We can make system of equations to solve the given problem

Q: Investments Clarisse invests $60,000 in money-market accounts at three different banks. Bank A pays…

Q: Monico invest a total of 19,500 in two accounts. the first account earned an annual rate of 13% and…

Q: You have $750,000 in an IRA (Individual Retirement Account) at the time you retire. You have the…

A: The term per cent means for every hundred. A fraction whose denominator is 100 is called a…

Q: Joy invests a total of $30,000 in two accounts. The first account earned an annual interest rate of…

Q: Fatma works in books factory, and she produced 545 books. The company pays employees on a piece rate…

A: We need to determine the gross pay. The payment is on a piece rate basis; therefore, the gross pay…

Q: citrus fruit from Florida to Montreal. Each crate of oranges is 4 ft3 in volume and weighs 80 lb.…

Question

A man invests his savings in two accounts, one paying 6% and the other paying 10% simple interest per year. He puts twice as much in the lower-yielding account because it is less risky. His annual interest is $4,180. How much did he invest at each rate?

6%	_______$
10%	_______$

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Step 3

VIEW

Trending now

This is a popular solution!

Step by step

Solved in 3 steps with 2 images

SEE SOLUTION Check out a sample Q&A here

Similar questions

Last year, at Haven's Pond Car Dealership, for a particular model of BMW, Jeep, and Toyota, one could purchase all three cars for a total of $140,000. This year, due to inflation, the same cars would cost $151,830. The cost of the BMW increased by 8%, the Jeep by 5%, and the Toyota by 12%. If the price of last year's Jeep was $7,000 less than the price of last year's BMW, what was the price of each of the three cars last year?
Keisha devised a week-long study plan to prepare for finals. On the first day, she plans to study for 1 hour, and each successive day she will increase her study time by 30 minutes. How many hours will Keisha have studied after one week?
Sara invested 2500, part of it at 4 and the rest at 6 yearly interest. The yearly income on the 6 investment was 60 more than the income on the 4 investment. How much money did she invest at each rate?
A custom-blend bird seed is made by mixing two types of bird seeds costing $0.75 per pound and $1.25 per pound. How many pounds of each type of seed mixture are used to make 200 pounds of custom-blend bird seed costing $0.95 per pound?
The community college soccer team sold three kinds of tickets to its latest game. The adult tickets sold for $10, the student tickets for $8 and the child tickets for $5. The soccer team was thrilled to have sold 600 tickets and brought in $4,900 for one game. The number of adult tickets is twice the number of child tickets. How many of each type did the soccer team sell?
Kenneth currently sells suits for company A at a salary of $22,000 plus a $10 commission for each suit sold. Company B offers him a position with a salary of $28,000 plus a $4 commission for each suit sold. How many suits would Kenneth need to sell for the options to be equal?
Lee wants to drive from Phoenix to his brother’s apartment in San Francisco, a distance of 770 miles. If he drives at a steady rate of 70 miles per hour, how many hours will the trip take?