Simple interest question This question: 1point(s) possibleSubmit testLarry Mitchell invested part of his $21,000 advance at 8% annual simple interest and the rest at 5% annual simple interest. If his total yearly interest from bothaccounts was $1,230, find the amount invested at each rate.The amount invested at 8% is $.The amount invested at 5% is $O Time Remaining: 01:33:21NextThis course (Math-62-74363-Spring 2022) is based on Martin-Gay: Beginning & Intermediate Algebra, 6ehp

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Algebra & Trigonometry with Analytic Geometry

13th Edition

ISBN:9781133382119

Author:Swokowski

Publisher:Swokowski

Chapter5: Inverse, Exponential, And Logarithmic Functions

Section5.6: Exponential And Logarithmic Equations

Problem 64E

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. A woman saved GH¢ 30,000 in a bank A, whose rate was x % per annum and GH¢ 20,000 in another bank B whose interest rate was y % per annum. Her total interest in two years was GH¢ 6,400. If she had saved GH¢ 20,000 in bank A and GH¢ 30,000 in bank B for the same period, he would have gained GH¢ 200 as additional interest. Find the values of X and Y
If Ben invests $4000 at 4% interest per year, how much additonal money must he invest at 5(1/2)% annual interest to ensure that the insterst he receives each year is 4(1/2)% of the total amount invested?
You invest in bonds yielding an interest rate of 2.2 percent, utility stock yielding an interest rate of 4.1 percent, and a bank certificate yielding an interest rate of 7.75 percent. The total interest earned in all three accounts in one year was $5,232.80 dollars. The amount allocated to the bonds was 200 less than the amount allocated to the bank certificate, and the amount allocated to the utility stock was 4 times the amount allocated to the bonds. What was the total amount of money the person had to invest?The total amount invested was $
A certain county taxes the first $ 200,000 of an individual's income at a rate of 12%, while all income over $ 200,000 is taxed at 15% plus $ 30,000. What is the tax if the income is $ 300,000?
The annual returns on Sid Carrington's three investments amounted to $17,490: 5% on a savings account, 8% on mutual funds, and 12% on bonds. The amount of Sid's investment in bonds was twice the amount of his investment in the savings account, and the interest earned from his investment in bonds was equal to the dividends he received from his investment in mutual funds. Find how much money he placed in each type of investment. (Let x, y, and z denote the amount, in dollars, in savings, mutual funds, and bonds, respectively.) ___?___ = 17,490 ___?___= 2x ___?___= 0.08y

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