A stock analyst deposited a total of $50,000 in two simple interest accounts. The annual simple interest rate on one account is 4%. The annual simple interest rate on the second account is 9%. How much was invested in each account if the total annual interest earned is 6% of the total investment?
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “A stock analyst deposited a total of $50,000 in two simple interest accounts. The annual simple interest rate on one account is 4%. The ...” in 📘 Mathematics 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
You Might be Interested in
By what percent will a fraction decrease if its numerator is decreased by 40% and its denominator is decreased by 25%?
Answers (2)
Factor completely x^2+4x-32 (x + 8) (x - 4) (x + 8) (x + 4) (x - 16) (x - 2) (x + 16) (x - 2)
Answers (1)
A math class has a total of 31 students. the number of males is 15 more than the number of females. how many males and how many females are in the class?
Answers (1)
The sizes of seven exterior angles of an octagon are: 42, 110, 13, 67, 55, 11 and 53. What is the size of the eighth exterior angle?
Answers (2)
Becca has a biscuit recipe that uses 2/3 of a tablespoon of salt for every 3/4 of a cup of flour. In order to have enough biscuits for her family that is visiting, Becca is making a batch of biscuits using 3 cups of flour and how many tablespoons of
Answers (2)
New Questions in Mathematics
Madison bought an ice cream treat and a bottle of water for $10. cayla purchased an ice cream treat and two bottles of water for $14. use your equations to find the price of a bottle of water and an ice cream treat. write a system and solve
Answers (1)
Bill earned 40 dollars. He lost 10 dollars. How many does he have left?
Answers (2)
Which values are solutions to StartFraction k minus 3 Over 4 EndFraction >-2? Select two options. k = - 10 k = - 7 k = - 5 k = - 1 k = 0
Answers (1)
What is the expression for 40 more than twice the quotient of two amounts
Answers (1)
The front podium is in the shape of a trapezoid with base lengths 4 and 8.5 feet. The height is 2 feet. A gallon of paint covers about 350 square feet. How many front frames of a podium can Lillian paint with 2 gallons of paint?
Answers (1)