Solution-Sum of the amounts in the other two accounts

Sum of the amounts in the other two accounts

Assignment Help Mathematics

Reference no: EM131073743

A total of $8,500 was invested in three interest earning accounts. The interest rates were 2%, 3%, and 6%. If the total simple interest for one year was $380 and the amount invested at 6% was equal to the sum of the amounts in the other two accounts, then how much was invested in each account?

Reference no: EM131073743

Questions Cloud

Savings account that earns compound interest : Suppose that Celeste invests $10,000 in a savings account that earns compound interest (monthly) at an annual percentage rate of 4.3%, and Jeffrey invests $10,000 in a savings account that earns compound interest (quarterly) at an annual percentag..

Derive the equilibrium price ratio of the contingent claims : Derive the equilibrium price ratio of the contingent claims contract for this economy. What assumption did we make in this problem that was key to the result you obtained in la) and lb)? Explain.

How do cognitive psychologists study mental imagery : Are mental images of events and objects in people's world the same in content as events and objects they have actually experienced with their senses - Are mental images and real experiences processed by the same or different brain structures?

Mistakes in future practice : Reply to other students agreeing or disagreeing with your responses, and add any additional advice to avoid making these types of mistakes in future practice.

Sum of the amounts in the other two accounts : The interest rates were 2%, 3%, and 6%. If the total simple interest for one year was $380 and the amount invested at 6% was equal to the sum of the amounts in the other two accounts, then how much was invested in each account?

Fuel to return to its starting point : A plane carries enough fuel for 20 hours of flight at an airspeed of 150 miles per hour. How far can it fly into a 30 mph headwind and still have enough fuel to return to its starting point? (This distance is called the point of no return)

Indicated point and meets the indicated condition : Write an equation of the line that contains the indicated point and meets the indicated condition(s). Write the final answer in the standard form Ax + By = C, A > 0: parallel to 3x + 4y = 8.

Semi-annual compounding : (a) Calculate the amount due in 4.5 years using a simple yearly interest rate. (b) How much interest do you owe using a simple interest rate? (c) Calculate the same amount using semi-annual compounding.

Design a system by which a control signal : The SCR in Figure 1 below requires a 3 V trigger. Using Multsim, design a system by which the gears are shifted when a CdS photocell resistance drops below 4k.

User Account

All Pages

Sum of the amounts in the other two accounts

Reference no: EM131073743

Reference no: EM131073743

Questions Cloud

Reviews

Write a Review

Mathematics Questions & Answers

Questions on ferris wheel

Logistic map

Finding the probability of cards

Systems of ode

Derive the boolean expression

System of equations

Linear programming problem

Find the natural domain

Introduction to numerical methods

Chart of the topological manifold

Mathematics in computing

Complex problems

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT