An investor decides to invest some cash in an account paying12%
annual interest, and to put the rest in a stock fund that ends up earning 8%over the course of a year. The investor puts $1500more in the first account than in the stock fund, and at the end of the year finds the total interest from the two investments was $1880. How much money was invested at each of the two rates? Round to the nearest integer.

Answers

Answer 1

Let A be the amount of money invested at a 12% annual interest rate and B be the amount of money invested at a 8% annual interest rate.

We know that A = B + 1500, and the total interest earned by the two investments is $1880.

The interest earned by the investment at a 12% annual interest rate is 0.12 * A = 0.12A

The interest earned by the investment at a 8% annual interest rate is 0.08 * B = 0.08B

Therefore, we can write the following equation to represent the situation:

0.12A + 0.08B = 1880

Since A = B + 1500, we can substitute this into the equation to get:

0.12(B + 1500) + 0.08B = 1880

Solving for B, we get:

0.12B + 180 + 0.08B = 1880

Combining like terms, we get:

0.2B + 180 = 1880

Subtracting 180 from both sides, we get:

0.2B = 1700

Dividing both sides by 0.2, we get:

B = 8500

Since A = B + 1500, we can substitute this value into the equation to find the value of A:

A = 8500 + 1500 = 10000

Therefore, the investor invested $8,500 at an 8% annual interest rate and $10,000 at a 12% annual interest rate.

Answer 2

Answer:

Account A (12%)= $10,000

Account B (8% stock fund) = $8,500

Step-by-step explanation:

Annual Interest Formula

[tex]\large \text{$ \sf I=P\left(1+r\right)^{t} -P$}[/tex]

where:

I = Interest.P = Principal amount.r = Interest rate (in decimal form).t = Time (in years).

Account A:

P = x + 1500r = 12% = 0.12t = 1 year

[tex]\implies \sf Interest=(x+1500) (1+0.12)^1-(x+1500)[/tex]

[tex]\implies \sf Interest=(x+1500) (1+0.12)-(x+1500)[/tex]

[tex]\implies \sf Interest=(x+1500)+0.12(x+1500)-(x+1500)[/tex]

[tex]\implies \sf Interest=0.12(x+1500)[/tex]

[tex]\implies \sf Interest=0.12x+180[/tex]

Account B (stock fund):

P = xr = 8% = 0.08t  = 1 year

[tex]\implies \sf Interest=x (1+0.08)^1-x[/tex]

[tex]\implies \sf Interest=x (1+0.08)-x[/tex]

[tex]\implies \sf Interest=x+0.08x-x[/tex]

[tex]\implies \sf Interest=0.08x[/tex]

If the total interest from the two investments was $1880:

[tex]\implies \sf 0.12x+180+0.08x=1880[/tex]

[tex]\implies \sf 0.2x+180=1880[/tex]

[tex]\implies \sf 0.2x=1700[/tex]

[tex]\implies \sf x=8500[/tex]

Therefore, the money invested in each of the two accounts is:

Account A = $8,500 + $1,500 = $10,000Account B = $8,500

Related Questions

What is the median for the set of data 3.5 1 3 4​

Answers

Answer:

3.5

Step-by-step explanation:

Test Scores

1, 1, 2, 3, 3, 4, 4, 5, 5, 5

median(middle #)

(3+4)/2 = 7/2 = 3.5

Answer:

3.5

Step-by-step explanation:

Which of the following is the closest to the value of x

Answers

what are the answer choices?

Find the perimeter of the following triangle.
Write your answer as a mixed number in simplest form.
Be sure to include the correct unit in your answer.

1/7/18 yd
5/12 yd
1/2/9 yd

Answers

Answer:

If I did my math correctly, I'm pretty sure the answer is 3 1/36 yards.

Step-by-step explanation:

1. First, you have to turn them all into an improper fraction.

1 7/18 becomes 25/18

1 2/9 becomes 11/9

5/12 remains the same as it's already an improper fraction.

2. Find a common denominator, which is 36

25/18 becomes 50/36

11/9 becomes 44/36

5/12 becomes 15/36

3. Add them all together and you get 109/36

4. Turn it into a mixed number, and in this case, is 3 1/36

Solution is 3 1/36

Answer:

3 1/36

Step-by-step explanation:

Martha constructs the table below to show the relationship between her cell phone's age and the amount of time it takes to charge her phone battery. Which of the following describes the rate at which the time to charge the phone changes?
A. The time to charge the phone increases by 25 minutes with every 7.5-month increase in the phone's age.
B. The time to charge the phone increases by 15 minutes with every 7.5-month increase in the phone's age.
C. The time to charge the phone increases by 25 minutes with every 1-month increase in the phone's age.
D. The time to charge the phone increases by 15 minutes with every 2-month increase in the phone's age.

Answers

Answer:

D

Step-by-step explanation:

To find the rate of increase all you have to do is take one of the data sets to see that every two months its charge time increases by 15 minutes or 7.5 minutes every month.

Danny is painting a doghouse. To make it durable, he will paint all sides, including the bottom. The doghouse is shaped like a rectangular prism with a triangular prism on top, as shown. How many cans of paint does Danny need to cover the doghouse if each can covers 20 ft2?

Answers

Answer:

6 cans

Step-by-step explanation:

Answer:

6

Step-by-step explanation:

gotta trust

A number line going from negative 60 to negative 50. An open circle is at negative 54. Everything to the right of the circle is shaded.
Which inequality has the solution set shown on the graph?
-54n < 1080
-54n > 1080
594 > -11n
594 < -11n

Answers

Answer

C

Step-by-step explanation:

Answer:

C - 594 > -11n

Step-by-step explanation:

Just got it right on edge! Have a good day! :))

Which equation finds the length of side c of this right triangle

Answers

Answer:

Find The Length Of The Side Of A Right Triangle : Example Question #1. Explanation: The Pythagorean Theorem gives us a2 + b2 = c2 for a right triangle, where c is the hypotenuse and a and b are the smaller sides.

Step-by-step explanation:

Answer:

see below

Step-by-step explanation:

Use the Pythagorean Theorem to find c:

a² + b² = c²

√a² + b² = √c²

c = √a² +b²

What is the teams score?

Answers

Answer:

Can you give more information?

sorry I can't give you an answer, try posting the question again with all the information!

g(x)=x^2-5x
f(x)=2x+1
Find (g-f)(x)

Answers

Answer:

 (g-f)(x) =  x²-7x -1

Step-by-step explanation:

hello :

g(x)=x²-5x        f(x)=2x+1      

(g-f)(x) =g(x) - f(x) = x²-5x- (  2x+1 ) =  x²-5x -   2x-1

 (g-f)(x) =  x²-7x -1

5.81 is 10 times as much as

Answers

its 0.581 its pretty self explanatory so im not gonna explain

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Answer:

a

Step-by-step explanation:

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In the year 2012, 12% of the residents of the US moved to a different residence. Suppose that several
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What would be the shape of the sampling distribution of p?

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Answer:

Approximately normal

Step-by-step explanation:

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Answer:

Alternate Exterior

Step-by-step explanation:

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22% of _ peaches is 11 peaches

Answers

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87+25
[tex]12 + 10 [/tex]

Answers

Answer:

Seriously?

U don't know the answer

__ x 5 > 5

3/3
2/3
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Answers

_ * 5 > 5

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the answer is 5/3 because it is bigger than the other answer choices and will result in a greater number than that on the right.
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Answers

Answer:68%

Step-by-step explanation:

find area of the circle=50.2

Find the are of the triangle=16

Then find ratio=16/50.2

Then reduce=8/25.1=32%

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Answers

Answer:

x = 6°

Step-by-step explanation:

Rule of vertical angles claims that the opposite angles ar the same

19x - 4 would be the opposite to 110

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Lets form an equation

19x - 4 = 110

Evaluating

19x - 4+4 = 110 + 4

19x = 114

x = 114/19

x = 6

If my answer is incorrect, pls correct me!

If you like my answer and explanation, mark me as brainliest!

-Chetan K

Jason rolls the die 14 times. What is the experimental probability that he will roll a 2

Answers

There’s 14 rolls. The probability he lands on a 2 would be 2/14. Once you simplify it it would give you a probability of 1/7

The experimental probability that Jason will roll a 2 is 3/14.

What is the probability?

Probability can be defined as the ratio of the number of favourable outcomes to the total number of outcomes of an event.

We know that, probability of an event = Number of favourable outcomes/Total number of outcomes.

Given that, Jason rolls the die 14 times.

From the given table,

Number of favorable outcomes = 3

Total number of outcomes = 14

So, the probability = 3/14

Therefore, the experimental probability that Jason will roll a 2 is 3/14.

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Answers

Answer:

22 años

Step-by-step explanation:

a

Answer:

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Using Cramer’s Rule, what is the value of x in the solution to the system of linear equations below?
2/5X + 1/4Y = 9/20
2/3X + 5/12 = 3/4

A)X = 0
B)X = 1
C)There are no solutions to the system.
D)There are infinite solutions to the system.

Answers

Using Cramer’s Rule, the value of x is 0

How to determine the value of x?

We have:

2/5X + 1/4Y = 9/20

2/3X + 5/12 = 3/4

Represent as a matrix

[tex]\left[\begin{array}{cc}2/5&1/4\\2/3&5/12\end{array}\right] \left[\begin{array}{c}9/20&3/4\end{array}\right][/tex]

Start by calculating the determinant of the matrix

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Evaluate the product

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|A| = 1/24

Next, replace the last column with the first

[tex]\left[\begin{array}{cc}9/20&1/4\\3/4&5/12\end{array}\right][/tex]

Calculate the determinant

|x| = 9/20 * 5/12 - 1/4 * 3/4

Evaluate the product

|x| = 3/16 - 3/16

Evaluate the difference

|x| = 0

The value of x is then calculated as:

x = |x|/|A|

So, we have:

x = 0/(1/24)

Evaluate

x = 0

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Answer:

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Step-by-step explanation:

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Answers

Answer: 8*5

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The expression using the commutative property is

5 x 8 = 8 x 5.

What is an expression?

An expression is a way of writing a statement with more than two variables or numbers with operations such as addition, subtraction, multiplication, and division.

Example: 2 + 3x + 4y = 7 is an expression.

We have,

The commutative property states that,

a x b = b x a

Now,

Using the commutative property,

5 x 8 is equal to 8 x 5.

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5 x 8 = 8 x 5

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I need help plz 7th grade math​

Answers

Answer:

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Answers

Answer:

1. adjacent: ∠ACB and ∠BCD.

vertical: ∠ACB and ∠ECD

Step-by-step explanation:

Write a quadratic function f whose zeros are 6 and -5 .

Answers

Answer:

so ez

Step-by-step explanation:

HI IM INDIAN AND STUDING IN 10TH GRADE U?


I need help with this if you get it right I will mark you as brainlest

Answers

Answer:

The answer is 300!

Step-by-step explanation:

Answer: $300

Step-by-step explanation:

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For the following right triangle, find the side length x. Round your answer to the nearest hundredth.
13
8
х

Answers

Answer: x=10.25

Step-by-step explanation:

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Answer:

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Step-by-step explanation:

HELP GIVING BRAINLY!
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Answers

Answer:

3rd option

Step-by-step explanation:

Common denominator is 6. Multiply to get each term to a denominator of 6. Multiply first numerator and denominator by 1 and multiply 2 and 3 in the 2nd term by 2 each to get 6 as the denominator.

This will result in 1/6 - 4/6

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