Question

Solve the problem by using a system of equations. (Objective 4) Sam invested $1950, part of it at 6% and the rest at 8% yearl
0 0
Add a comment Improve this question Transcribed image text
Answer #1

solotion าร์, simple gnterert PXRAT uwhese p Painci pal ammrunt Rz γ따e// qnnual and mone erent TTO t (1950-х = at 6x 6-12-12+CD UD lyo 320 so Invented m5nN at 6% 翵56,25 | and 9 n vested msmoy at 87. 1950 -596- 2937SA

Add a comment
Know the answer?
Add Answer to:
Solve the problem by using a system of equations. (Objective 4) Sam invested $1950, part of...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • please answer 68,69,70,71,72 Solve the problem using a system of equations. 68) Paul invested three times...

    please answer 68,69,70,71,72 Solve the problem using a system of equations. 68) Paul invested three times as much money in an account paving 7% interest than he did in an account paying 2% Interest. Ir the total interest paid was $920. how much did he invest in each? 68) 69) 69) Chuck and Dana agree to meet in Chicago for the weekend, Chuck travels 180 miles in the same time that Dana travels 165 miles. If Chuck's rate of travel...

  • The number N(t) of supermarkets throughout the country that are using a computerized check out system is described by the initial-value problem dN/dt =N(1-0.0008N), N(0) =1 A) use the phase portra...

    The number N(t) of supermarkets throughout the country that are using a computerized check out system is described by the initial-value problem dN/dt =N(1-0.0008N), N(0) =1 A) use the phase portrait concept if section 2.1 to predict how many supermarkets are expected to adopt the new procedure over a long period of time Differential Equations B) Solve the initial -value problem and then use a graphing utility to verify the solution curve in part A How many supermarkets are expected...

  • Solve the following problem using a system of equations. Show your solving steps using the addition...

    Solve the following problem using a system of equations. Show your solving steps using the addition method and state your final answer in a sentence. be sure to check your solution. $10,800 is divided into two investments, one earning 8% simple interest and the other earning 5% simple interest. After one year, they earn a combined interest of $795. How much was invested in each account? I have also attached an example chart that also needs to be made as...

  • 6. Sam is planning a summer trip to Italy so he can study accounting where the...

    6. Sam is planning a summer trip to Italy so he can study accounting where the world-famous accountant Luca Pacioli did. Unfortunately, Sam is short of $7,500 for the trip due to his recent injury. Luke has agreed to loan Sam the money because he believes that the homage to the double entry birthplace is a must for all accountants. Luke expects to be paid back at 8% interest in annual payments over 6 years. What is the annual payment?...

  • 6. Sam is planning a summer trip to Italy so he can study accounting where the...

    6. Sam is planning a summer trip to Italy so he can study accounting where the world-famous accountant Luca Pacioli did Unfortunately, Sam is short of $7,500 for the trip due to his recent injury. Luke has agreed to loan Sam the money because he believes that the homage to the double-entry birthplace is a must for all accountants. Luke expects to be paid back at 8% interest in annual payments over 6 years. What is the annual payment? 7....

  • Anthony invested a sum of money 4 yr ago in a savings account that has since paid interest at the rate of

     9. Anthony invested a sum of money 4 yr ago in a savings account that has since paid interest at the rate of 7%/year compounded quarterly. His investment is now worth $22,438.81. How much did he originally invest? Please round the answer to the nearest cent. 10. Joe plans to deposit $300 at the end of each month into a bank account for a period of 2 yr, after which he plans to deposit S500 at the end of each month into the same...

  • Problem 1a (20 points) The Kennesaw State Gymnastics Team consists of 6 people. They must to repr...

    Problem 1a (20 points) The Kennesaw State Gymnastics Team consists of 6 people. They must to represent them at their next meet. The total score that each choose four total gymnasts individual gymnast can attain i1s V- team of four gymnasts must have at least three gymnasts that can compete in each of the three events. vault). example, if Gymnast 1 is selected, he/she will compete in both evens B and F.The Formulate an IP to maximize the total score...

  • Please solve using financial calculator only and show work. Thank you. 28. Your brother has asked you to help him with c...

    Please solve using financial calculator only and show work. Thank you. 28. Your brother has asked you to help him with choosing an investment. He has $5,200 to invest today for a period of five years. You identify a bank CD that pays an interest rate of 3.60 percent with the interest being paid quarterly. What will be the value of the investment in five years? 29. Tim has loaned money to his brother at an interest rate of 6...

  • answer 9 b. (f-g)t Solve the system of equations (4.1) +4y -14 5x 7y-25 5) J=-3...

    answer 9 b. (f-g)t Solve the system of equations (4.1) +4y -14 5x 7y-25 5) J=-3 6) Graph the inequality 3x+ 2ys 30. (3x+ 4y 2- 14 5x+ 7y s-25 7) Graph the system of linear inequalities 8) Find the value of $1000 invested in an account (2.5, 3.1, 3.2) a. Bearing 3 % simple interest after 5 years. b. Bearing 3 % interest compounded monthly after 5 years c Bearing 3 % interest compounded continuously after 5 years 9)...

  • 1. You have $200 to invest. If you put the money into an account earning 4​%...

    1. You have $200 to invest. If you put the money into an account earning 4​% interest compounded​ annually, how much money will you have in 10 years? How much money will you have in 10 years if the account pays 4​% simple​ interest? 2. You have $1,300 to invest today at 5​% interest compounded annually. a.  Find how much you will have accumulated in the account at the end of​ (1) 6 ​            years, (2) 12 years, and​ (3)...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT