Ask Question
9 September, 10:58

A total of $60,000 was invested for one year. But of this amount earned simple annualinterest at the rate of x percent per year, and the rest earned simple annual interest at therate of y percent per year. If the total interest earned by the $60,000 for that year was$4,080, what is the value of x?

+3
Answers (1)
  1. 9 September, 11:39
    0
    what is the value of x?

    X=6,8%

    Explanation:

    F = P (1 + i * n)

    FV=64080

    PV=60000

    N=1

    x=i%

    64080=60000+60000X

    4080=60000x

    X=0,068
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “A total of $60,000 was invested for one year. But of this amount earned simple annualinterest at the rate of x percent per year, and the ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers