How much was invested at the lower rate

Reference no: EM13177266

Part of $13,750 is invested at 9% annual interest, and the rest is invested at 8%. After one year, the accounts paid $1,160 in interest. How much was invested at the lower rate?

Reference no: EM13177266

Questions Cloud

Find the depreciation rate and population growth : A country is described by the Solow Model with a production function y = k1/2 where y is output per worker and k is capital per worker. Now suppose that the fraction of output invested (or saved) is 50%.

Major growth opportunities for caterpillar : Where are the major growth opportunities for Caterpillar, Inc. in the international market? Identify the risks of pursuing these growth opportunities and the risk reduction strategies which Caterpillar could pursue.

Prepare a quality cost report for wallace communications : Prepare a Quality Cost Report for Wallace Communications Ltd and discuss these two views of "quality as cost" and "quality as value".

Black pelage of guinea pigs is a dominant trait : Black pelage of guinea pigs is a dominant trait; white is the recessive trait. When a pure black guinea pig is crossed to a white one, what fraction of the black F2 is expected to be heterozygous?

How much was invested at the lower rate : Part of $13,750 is invested at 9% annual interest, and the rest is invested at 8%. After one year, the accounts paid $1,160 in interest. How much was invested at the lower rate?

State the seeds grew better in acidic or regular soil : The first experiment was a process to determine whether the seeds grew better in acidic or regular soil. Two planting containers (A and B) each with four sections were acquired.

Write out the bivariate normal density : Consider a bivariate normal population with u1=0,u2=2,σ11=2,σ22=1,and p12=.5, write out the bivariate normal density.

Estimate the elasticity of demand for car trips : The percentage change in the number of trips in central London gives you one of the numbers you need to calculate an estimate of the elasticity of demand. The other number you need is the percentage change in the price a driver pays for driving in..

Correct historical order for the foci : The focus of management accounting over time has changed. Which is the correct historical order for the foci

User Account

All Pages