Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. basic math
  3. suppose that $1500 was invested in two accounts th

Suppose that $1500 was invested in two accounts that paid 5% and 8% simple interest....

70.2K

Verified Solution

Question

Basic Math

image

Suppose that $1500 was invested in two accounts that paid 5% and 8% simple interest. After One year the total amount of interest earned was $94.50. How much was invested in each account?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Use the enthalpies of formation in the table below to answer the following questions. Substance Enthalpy of Formation...

Chemistry
Q

Calculate the angle A in the following right angled triangle where a 53 2 m...

Geometry
Q

ind the general solution given that y e satisfies the complementary equation Use c and...

Calculus
Q

Problem 5 a Suppose that f x x 3 for x 0 and that f...

Calculus
Q

Consider the explicit definition of a sequence an 12 3 1 Which table of values...

Algebra
Q

The amount of cash restricted for purposes other than payment of current obligations or for...

Accounting
Q

Exercise 12-2 (Algo) Prepare vertical analysis (LO12-1) The income statements for Federer Sports...

Accounting
Q

Sheridan Company incurs these expenditures in purchasing a truck: cash price $29,000, accident insurance (during...

Accounting
Q

Exercise 20-10 Stahl Inc. produces three separate products from a common process costing $100.000. Each...

Accounting
Q

Consider the following Treasury quotes. Given that the bonds are fairly priced, can you explain...

Finance
Q

Begin by identifying the accounting equation and the formula to calculate the change in the...

Accounting
Q

Following is information on two alternative investments being considered by Tiger Co. The company requires...

Accounting