How much additional money should they invest at an annual

Assignment Help Mathematics
Reference no: EM13590687

An investment club invested $9000 at 7.4% annual simple interest. How much additional money should they invest at an annual simple interest rate of 4.0% so that the total annual interest earned from the two accounts is 6.2% of the total investmant?

a) $876.11
b) $4500.00
c) $2475.00
d) $36,818.18

Reference no: EM13590687

Questions Cloud

One account earned a simple interest rate of 64 and the : 1 an investor placed a total of 14000 in two simple interest accounts. one account earned a simple interest rate of
Morganton company makes one product and it provided the : morganton company makes one product and it provided the following information to help prepare the master budget for its
Prepare a schedule of lease payments for field ltd a : summer ltd entered into an agreement on 1 july 2010 to lease a harvester to field ltd. the lease agreement details are
Top-class security agency wants to schedule its security : top-class security agency wants to schedule its security personnel who work either 8-hour shifts or 4-hour shifts. they
How much additional money should they invest at an annual : an investment club invested 9000 at 7.4 annual simple interest. how much additional money should they invest at an
Palmer corporation issued and has outstanding 20000 shares : palmer corporation issued and has outstanding 20000 shares of 10 par-value common stock and 1000 shares of 60 par-value
A firm makes six types of juice-blends they are a : a firm makes six types of juice-blends. they are a orange-pineapple b orange-pineapple-mango c orange-kiwi-strawberry d
If the preferred stock is cumulative what is the most that : frostbite cold storage company was incorporated early in 2007 since then the following stock has been outstanding
Oasis company has used the dollar-value lifo method for : oasis company has used the dollar-value lifo method for inventory cost determination for many years. the following data

Reviews

Write a Review

Mathematics Questions & Answers

  How many ways can the manager choose which routines

A dance team knows 14 routines of which 7 are tap, 5 are ballet, and 2 are modern. The program can consist of any four routines. In how many ways can the manager choose which routines to present if there are no restrictions?

  How tall is the telephone pole

the man is 5 feet tall. The pole casts a shadow that is 36 feet and the man casts a shadow of 8 feet. How tall is the telephone pole?

  What is the probability that you are dealt exactly kings

Suppose that you are dealt a hand of 9 cards from a standard deck of 52 playing cards. What is the probability that you are dealt exactly 3 kings? What is the probability that you are dealt 9 cards of the same suit?

  Find the average value of the function f over the interval

Find the average value of the function f over the interval

  What happens to her caloric needs as she gets older

Sarah is a moderately active woman. She weighs 130 pounds, is 68 inches tall, and is 25 years old. Based on the following formula, what are her caloric needs? What happens to her caloric needs as she gets older? Why do you think this happens? usin..

  Find the cost of the materials for the cheapest

Material for the sides costs $10 per square meter. Find the cost of the materials for the cheapest such container. Round the result to the nearest cent.

  Counting bagels-permutations of string

How many ways are there to deal hands of seven cards to each of five players from a standard deck of 52 cards? A bagel show has onion, poppy seed, egg, salty, pumpernickel, sesame seed, raisin, and plain bagels. How many ways are there to choose:

  How convinced are you that the new 30-gallon trash

Based on you answers to parts a and c, how convinced are you that the new 30-gallon trash bag is the strongest such bag on the market?

  Find an equation for the planet orbit

Find an equation for the planet's orbit. (Place the origin at the center of the orbit with the sun on the x-axis.

  Find the work required to empty the tank over the rim

Find the work required to empty the tank over the rim.

  How many trees should be planted in order to maximize

Maximizing yield. An apple orchard has an average yield of 36 bushels of apples/tree if tree density is 22 trees/acre. For each unit increase in tree density, the yield decrease by 2 bushels/tree. How many trees should be planted in order to maxim..

  Use differentials to estimate the maximum error

The radius of a circular disk is given as 19 cm with a maximum error in measurement of 0.2 cm.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd