Question

A person invested $7500 for 1 year, part at 4%, part at 10%, and the remainder...

A person invested $7500 for 1 year, part at 4%, part at 10%, and the remainder at 15%. The total income from these investment was $899. The amount of money invested at 15% was $1100 more than the amount invested at 4% and 10% combined. Find the amount invested at each rate.

The person invested $____ at 4%, $____ at 10%, and $_____ at 15%

Math   Precalculus   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
A person invested ?$8100 for 1? year, part at 6?%, part at 9?%, and the remainder...
A person invested ?$8100 for 1? year, part at 6?%, part at 9?%, and the remainder at 15?%. The total annual income from these investments was ?$930. The amount of money invested at 15?% was ?$100 more than the amounts invested at 6?% and 9?% combined. Find the amount invested at each rate. The person invested ?$ nothing at 6?%, ?$ nothing at 9?%, and ?$ nothing at 15?%.
Santiago receives ?$280 per year in simple interest from three investments. Part is invested at? 2%,...
Santiago receives ?$280 per year in simple interest from three investments. Part is invested at? 2%, part at? 3%, and part at? 4%. There is? $500 more invested at? 3% than at? 2%. The amount invested at? 4% is six times the amount invested at? 3%. Find the amount invested at each rate. The amount invested at? 2% is The amount invested at? 3% is The amount invested at? 4% is
(1 point) A total of $6,000 was invested, part of it at 6% interest and the...
(1 point) A total of $6,000 was invested, part of it at 6% interest and the remainder at 9%. If the total yearly interest amount is $390, how much was invested at 6%? Amount of Money Invested at 6% :
sam has invested $1950 part of it at 6% and the rest at 8% yearly investment...
sam has invested $1950 part of it at 6% and the rest at 8% yearly investment . The yearly income on 8% investment was $46 more than twice the income from the 6% investment. how much did he invest at each rate
A person has a 10-year contract to receive a base salary of$25,000 a year and...
A person has a 10-year contract to receive a base salary of $25,000 a year and an increase of 5% every year starting from the second year. The person purchases a luxury item now for $43,000. The interest rate is 4% per year and the person would like to arrange a 10-year loan such that an equal amount of money will be available for consumption in each of the next 10 years. Calculate the amount to be borrowed and the...
a company invested $27,000 putting part of it into a savings account that earns 3.5% annual...
a company invested $27,000 putting part of it into a savings account that earns 3.5% annual simple interest and the remainder in a stock fund that earned 12.9% annual simple interest if the Investments earned $1,415 annually how much was in each account savings account stock fund the annual interest earned on two Investments is $510 one investment is in a 2.1% tax free annual simple interest account the other investment is in a 5.7% annual simple interest CD the...
1. Susan Marciano invested part of her $11,000 bonus in a fund that paid an 8%...
1. Susan Marciano invested part of her $11,000 bonus in a fund that paid an 8% profit and invested the rest in stock that suffered a 3% loss. Find the amount of each investment if her overall net profit was $440. The amount invested at 8% is $___ . The amount invested in stock is $___ . 2. Two cars start driving in the same direction from the same place. If one travels 52 mph and the other 60 mph,...
A person dies and leaves an estate of $1,000,000, which is invested and earns 6% per...
A person dies and leaves an estate of $1,000,000, which is invested and earns 6% per year. Three children, aged 7, 10, and 14, survive the person. At age 18, each child will receive an equal amount from the estate. What is the amount?
A person invested 2,000,000 SR in an account that pays 10% compounded annually. The first withdraw...
A person invested 2,000,000 SR in an account that pays 10% compounded annually. The first withdraw happens at the end of year 3. The payments increase at 5% every year until the end of 6th year. Thereafter, the payments decrease by 5,000 SR every year. The planning horizon is 15 years. Calculate the value of the first withdraw such that this investment is attractive (Use PW analysis)
A person invested 2,000,000 SR in an account that pays 10% compounded annually. The first withdraw...
A person invested 2,000,000 SR in an account that pays 10% compounded annually. The first withdraw happens at the end of year 3. The payments increase at 5% every year until the end of 6th year. Thereafter, the payments decrease by 5,000 SR every year. The planning horizon is 15 years. Calculate the value of the first withdraw such that this investment is attractive (Use PW analysis)
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT