Investor company loaned out a total of $36,000, part at 6% interest and part at 9% interest. they reported that the annual earnings from both investments was the same amount that would be earned by the total loan if it were invested at 8%. find the amount loaned at each rate. use matrix methods.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Investor company loaned out a total of $36,000, part at 6% interest and part at 9% interest. they reported that the annual earnings from ...” 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
If y=2x+3, what is parallel to this?
Answers (1)
79 divided by 50,165
Answers (1)
Each bottle of water contains 250 milliliters of water if you drink 2 bottles every day how many liters of water will you drink in 8 days
Answers (1)
T = R + (T0 - R) e-kt T = temperature of the object after t minutes T0 = initial temperature R = temperature of the surroundings k =
Answers (1)
What are some difference between triangular prism and a Triangular pyramid
Answers (1)
New Questions in Mathematics
The length of a rectangle field is 7 m less than 4 times the width. The perimeter is 136 m. Find the width and length of the rectangle.
Answers (1)
Kelsey newberg is a robotics technician she earns $21.50 per hour for 40 hours and time and a half for overtime over 40 hours if she worked 6 hours overtime what is her total pay
Answers (2)
If f (x) = 4^x-1 + 6 and g (x) = 2x-5, what is (f-g) (x)
Answers (2)
5.815 in mixed number
Answers (2)
An infant is 32.625 inches (in) long. Write this as a common fraction.
Answers (1)