Katie invested a total of $5000, part at 5% simple interest and part at 6% simple...
solve it 9 John deposited $5000 in a bank at a simple interest rate for 6 months. If the interest rate was 2% higher than that offered by the bank, how much more interest would he have earned?
Claire invested some money at 4% simple interest and twice that amount at 5%. her total interest was 490. how much did she invest at each rate?
You have agreed to loan the owner of a library $5000 for 5 years at a simple interest rate of 8% per year. 1. How much interest will you receive from the loan? 2. How much will the library owner pay you at the end of 5 years? You have agreed to loan the owner of a library $5000 for 5 years at a simple interest rate of 8% per year. 1. How much interest will you receive from the...
You invested $25,000 in two accounts paying 5% and 8% annual interest respectively, If the total interest earned for the year was $1460, how much was invested at each rate? The amount invested at 5% is $
21. A total of $10,000 is invested in two accounts, one If the interest earned for the first year was paying 5% annual interest and the other 6%. $540, how much did she invest in the account paying 5%? 21. A total of $10,000 is invested in two accounts, one If the interest earned for the first year was paying 5% annual interest and the other 6%. $540, how much did she invest in the account paying 5%?
4. (8 points) Precision Engineering invested $120,000 at 5 % interest, compounded annually for 4 years. (a) How much will Precision Engineering have at the end of the 4th year? (b) What is the total interest earned in this investment? (c) How much is the simple interest in this investment based on its initial $120,000? (d) How much is the interest on interest?
Larry Mitchell invested part of his 5-40,000 advance at 4% annual simple interest and the rest at antal simple interest if his total yearly interest to both accounts was $1.480, find the amount invested at each rate
Kevin Bell invested $5000 twice a year in an annuity due at Midwest Investments for a period of 3 years at an interest rate of 10% compounded semiannually. Using the ordinary annuity table, calculate the total value of the annuity due at the end of the 3-year period.
An investor has GH¢40M to invest for a year at a simple interest rate. If part is invested at 8% and the rest at 12%, how much should be invested at each rate to yield 11% on the amount invested?
Larry Mitchell invested part of his $14,000 cash advance at 4% annual simple interest and the rest at 7% annual simple interest. If his total yearly interest from both accounts was $620, find the amount invested at each rate. Larry Mitchell invested part of his $14,000 advance at 4 accounts was $620, find the amount invested at each rat The amount invested at 4% is $ The amount invested at 7% is $