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Larry Mitchell invested part of his $19,000 advance at 3% annual simple interest and the rest at 2% annual simple interest. If his total yearly interest from both accounts was $560, find the amount invested at each rate.

Answers

Answer 1

Larry Mitchell invested $7600 at 3% rate of interest and $11400 at 2% rate of interest.

In the field of finance, interest is the payment of a sum over and above the principal amount owed by a lender or depositor to a borrower or deposit-taking financial institution at a set rate.

Rate of an interest in defined as the amount that a lender charges a borrower in interest as a percentage of the principal.

Larry invested part of his $19000 at 3% and the rest at 2%

Let he invested $'x' at 3% interest .

Therefore amount invested at 2%=$(19000-x)

Interest earned annually at 3% on $x = [tex]\frac{3}{100} \times x =0.03x[/tex] .

Interest earned annually at 2% on $(19000-x)=[tex]\frac{2}{100} \times(19000-x)[/tex]

=[tex]380-0.02x[/tex]

Now the combined interest for both the investment is $560 .

Therefore we can form a linear equation to solve for x:

0.03x+380-0.02x=560

or, 0.01x=180

or, x=18000

Therefore Larry invested $18000 at 3% interest.

Money invested at 2%=$(19000-18000)=$1000

Hence Larry invested $18000 at 3% rate of interest and $1000 at 2% rate of interest.

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Related Questions

Tony plays running back for his football team. During a football game, Tony gained six yards on the first play. Then he lost eight yards on the second play.

Answers

Um... -2 net yards. Also, Tony should reconsider his position if he's losing 8 yards on one play.

-2 and i agree with the other guy he should be kicked…

point(s) possible
Acme Movers charges $210 plus $20 per hour to move household goods across town. Hank's Movers charges $55
per hour. For what lengths of time does it cost less to hire Hank's Movers?

Answers

For less than 6 hours, Hank's Movers charge less.

For what lengths of time does it cost less to hire Hank's Movers?

Acme movers charge $210 plus $20 per hour, so if they work for x hours they charge:

A(x) = $210 + $20*x

Hank's movers only charge $55 per hour, so here the linear equation is:

H(x) = $55*x

They charge the same amount when:

A(x) = H(x)

$210 + $20*x = $55*x

Now we can solve that to get:

$210 + $20*x = $55*x

$210 = $55*x - $20*x = $35*x

$210/$35 = x = 6

So, for 6 hours, both companies charge the same amount.

For less than 6 hours, Hank's Movers charge less.

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How can you tell if a relation has symmetry?

Answers

Answer:

they r two angles day sum up to 180°

but de complementary angles sum up to 90°

Step-by-step explanation:

i hope it helped ;)

Solve the equation 8 + dw = m for the variable w.​

Answers

Answer:

hi there is no dear sir please

Answer:

w= (m-8)/d

Step-by-step explanation:

8+dw=m

dw=m-8

w= (m-8)/d

Jayme submitted the following work when asked to convert 34/5 to a mixed number

Answers

Answer:

jayme submitted the following work when asked to convert 34/5 into mixed fractions

 6 4/

Step-by-step explanation:

Answer:

6 4/5

Step-by-step explanation:

evaluate the expression 4k^{5} -3k^{3} +k^{2} -k for k=2

Answers

Answer: 106

Step-by-step explanation:

To solve this problem, simply substitute k in the equation for 2 and evaluate:

[tex]4(2)^5 - 3(2)^3 +(2)^2 -2 = 106[/tex]

Calculate the volume.e of a cylinder. 10 cm is the radiusand 30cm is the height. Then calculate the capacity of the cylinder in liters

Answers

Answer:

Volume = 9424.78 cubic centimeters

Capacity = 9.425 liters

Step-by-step explanation:

Volume of a cylinder given r = radius and h = height is
V = πr²h

Given r = 10 and h = 30

V = π (10)² . (30) ≈ 9424.78  cubic centimeters

1 liter = 1000 cubic centimeters this works  out to
9424.78/1000 = 9.42478 ≈ 9.425 liters

Write 2 x 10 ^-5 in standard notation

Answers

Answer:

0.00,002

Step-by-step explanation:

Since the exponent is negative.  The number written in standard form is much smaller than 2.  How much smaller?  We need to move the decimal 5 places to the left.   When we do not see the decimal it is at the end of the number.

We do not see the decimal in 2, so we know it is to the right of the 2.  If I move that 5 places to the left, I get. 0.00,002

The graph of the function f is shown. The domain of f is [0, 50]. What is the range of g(x) = 4f(x)?

The graphs with the X-coordinate marks 0, 10, 20, 30, 40 and 50. The Y-coordinate mark 0, 0.5, 1, and 1.5. There is an absolute value function with vertex at (25, 1.75). It starts at origin and ends at (50, 0).

A. [0, 50]
B. [0, 70]
C. [0, 1.75]
D. [0, 7]

Answers

Based on the calculations using the given graph, the range of g(x) is equal to: D. [0, 7].

How to identify the range and domain of this graph?

The vertical extent of a graph represents all range values and they are always read and written from smaller to larger numerical values, and from the bottom of the graph to the top.

Similarly, the horizontal extent of a graph represents all domain values and they are also read and written from smaller to larger numerical values, and from the left of the graph to the right.

By critically observing the graph of f(x) shown, we can infer and logically deduce the following:

Domain = (0, 50) i.e the domain is all real numbers.

Range = (0, 1.75).

What is the range of g(x) = 4f(x)?

At the minimum f(x) = 0, we have:

g(x) = 4 × 0

g(x) = 0.

At the maximum f(x) = 1.75, we have:

g(x) = 4 × 1.75

g(x) = 7.

Therefore, the range of g(x) is equal to [0, 7].

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1.5( 3y + 2) – y=2(8y – 6)

Answers

Answer: y = 1.2

Step-by-step explanation:

1.5(3y+2) - y = 2(8y-6)

4.5y + 3 - y = 16y - 12

3.5y + 3 = 16y - 12

-3. -3

3.5y = 16y - 15

-16y. -16y

-12.5y = -15

—— —— <—fraction symbol to divide

-12.5. = -12.5

y. =. 1.2

Answer:

5y=6

Step-by-step explanation:

4.5y+3-y=2(8y-6

16y-12

3.5y+3-16y=-12

12-3

-12.5y=-12-3=15

-125y=--150

A charge of $8.99 is automatically deducted from Ari's bank account each
month for a live TV streaming service. What is the change in Ari's bank
account after 6 months for this service? Lesson 1-3 7.NSO.2.2, 7.NSO.

Answers

Answer:

53.94

Step-by-step explanation:

Multiply 8.99 x 6 to get the answer $53.94

A florist has to make several bouquets with 36 roses, 27 tulips and 18 lilies. What is the largest number of bouquets she can make without any flowers being left out?

Answers

The florist can make a maximum of 9 bouquets. 4 roses, 3 tulips and 2 lilies are in each bouquet. To find the answer, find the largest common multiple. In this case, it is 9.

AC = 3x + 3
AB= -1 + 2x
B is between A and C. Find x
None of the other answers are correct
O-8
07
O 12
0 1
BC = 11

Answers

The value of the x is 7 ; By considering the linesegment AC of algebraic length 3x+3,AB of algebraic length -1+2x and BC of length 11 units.

Given, A linesegment AC of algebraic length 3x+3,AB of algebraic length -1+2x and BC of length 11 units, B is the midpoint of the linesegment AC and asked to find the value of x

AC=AB+BC {as B is the midpoint of the linesegment AC}

⇒3x+3=-1+2x+11

⇒x=7

Therefore,The value of the x is 7 ; By considering the linesegment AC of algebraic length 3x+3,AB of algebraic length -1+2x and BC of length 11 units.

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A local gym is running a promotional offer of 40% off their annual gym memberships.
The annual membership costs £340.
How much discount would you get off?

What is the cost of the membership after the discount?

Answers

The cost of the membership after a discount of $ 136 will be $ 204.

We are given that:

a local gym is giving a discount for the promotional offer it has to make.

Discount percentage = 40 %

Cost of the annual membership = $ 340

Discount = 40 % of $ 340

Discount = 40 / 100 × $ 340

Discount = 0.4 × $ 340

Discount = $ 136

So, the cost of annual membership after discount will be:

Cost = $ 340 - $ 136

Cost = $ 204

Therefore, the cost of the membership after a discount of $ 136 will be $ 204.

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describe the translation of the point to its image

Answers

Answer:

13 to the left and 13 up

Step-by-step explanation:

<
Find an ordered pair (x, y) that is a solution to the equation 6x+y=7

Answers

(1,1)

6(1)+1=7

Hope this helps!!

Solve for the variable. 4/5 = 20/?
A. x = 5
B. x = 16
C. x = 20
D. x = 25

Answers

Answer:

Its 25

Step-by-step explanation:

It is 25 as 4x5 is 20 so u have the denominator so u do the same for 5 , 5x5 is 25 so 4/5=20/25

What is the domain of g?

Answers

Answer:

B. -5 ≤ x ≤ 7.

Step-by-step explanation:

Al; x values greater or equal to -5 and less than or equal to 7.

The filled circles mean these x values are included in the domain.

98,615 kg of sugar was produced in the year 1993.This was 75069 kg more than the quantity of sugar
produced in 1992.What was the production in 1992 ?

Answers

173,684 was the production in 1992 in a linear equation .

What in mathematics is a linear equation?

There are only one or two variables in a linear equation. No variable can be multiplied by a number larger than one or used as the denominator of a fraction in a linear equation. All of the points fall on the same line when you identify the values that together make a linear equation true and plot those values on a coordinate grid.Ax+By=C is the usual form for two-variable linear equations. A standard form linear equation is, for instance, 2x+3y=5. When an equation is given in this format, finding both intercepts is rather simple (x and y).

the production in 1992  = 75069 × 1 +  98,615

=  75069 + 98,615

=  173,684

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What is the standard unit of volume? What can be used to measure volume?

Answers

Answer:

The answer is Cubic Units (Thank me later)

Step-by-step explanation:

p → ¬q use the conditional-disjunction equivalence to find an equivalent compound proposition that does not involve conditionals

Answers

Answer:

¬p ∨ ¬q

Step-by-step explanation:

Since p → q is equivalent to ¬p ∨ q, just invert q

Using DeMorgans theorem, you could also write it as ¬(p ∧ q)

Who invented algebra?

Answers

al-Khwārizmī in the bc’s

Ching Weng's budget and expenses for personal items for January are
below. How much more or less did she spend than she budgeted?

Newspapers, gifts
A$39.75 less

B$39.75 more

C $44.75 more

D $44.75 less

Answers

Ching Weng spend 39.75 less then she budgeted on the personal items for the month of January.

We have Ching Weng's budget and expenses for personal items.

We have to determine how much more or less did she spend than she budgeted.

What is budget ?

A budget is an estimation of revenue and expenses over a specified future period of time.

According to the question -

The total amount kept by Ching Weng as budget = $95 + $15 + $20 = $130

The total expenses of Ching Weng = $60.75 + $7.85 + $21.65 = $90.25

Since, expenses are less than budget, she spend less than she budgeted. Thee amount saved by her is =

Total budget - total expenses = 130 - 90.25 = $39.75

Hence, Option A is the correct alternative.

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I will give brainliest to who ever helps

Answers

Answer:

Use Pythagorean theorem. [tex]\sqrt{52}[/tex]

Step-by-step explanation:

Francis, Georgie, and Harrieta go to the library to study every few days. Francis goes to the library every eighth day, Georgie goes every 18th day, and Harrieta goes every ninth day. In how many days will Francis, Georgie, and Harrieta all be at the library together?

Answers

Based on the days that Francis, Georgie, and Harrieta go to the library to study, the number of days till they will all be at the library together is 72 days.

How to find the day they'll be at the library together?

The day that they'll be at the library together can be found by checking for the least common multiple of the days that Francis, Georgie, and Harrieta go to the library to study.

The days that they go to study are every 8, 18th, and 9th day.

You therefore need to find the least common multiple of 8, 9, and 18.

This number is 72.

This means that the number of days till Francis, Georgie, and Harrieta go to the library to study together will be in 72 days.

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Three times the sum of a number and two is equal to -9.

Answers

3 x (2 + x) = -9
x=-5

Is this a nonlinear or linear?

Answers

The given data represent linear equation

A linear equation is represented by straight line. An equation between two variables that gives a straight line when plotted on a graph is called a linear equation.

as given in this data we can see that the value of y is uniformly increasing by 25 when we increase x by 1. and this pattern follows the whole data.

So, when we represent this data on x and y graph, we will obtain a straight line graph

Final answer, the given data will represent a linear equation graph

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Is the y-axis on the vertical or horizontal line?

Answers

The y-axis is the vertical line going up and down

Anita, Bhanu and Cathy were born on the same year. Anita's birthday is 3 days before Bhanu's birthday and 2 days after Cathy's birthday. Bhanu was born on 2nd March 2008. On what day was Cathy born?
a. 25th February 2008
b. 26th February 2008
c. 28th February 2008
d. 4th March 2008

Will mark the best answer with explanation as Brainliest

Answers

A because Anita’s birthday is on the 27th

PLEASE HELP!!!!! PLEASE!!!!

I need all of parts 1, 2, and 3


Please don't do number 6 :)

Answers

Part I

The domain of the graph is represented by 0 ≤ x ≤ 12In terms of the problem the domain means the time in hours taken to notice change in temperature in degrees Celsius.

Part II

The range of the graph is represented by -2 ≤ x ≤ 4In terms of the problem the range means the temperature in degrees Celsius noted during the time spent, the time is in hours

Part III

The function is decreasing from 0 to 3 hours, this is the point in the x axis that is mathematically represented as 0 ≤ x ≤ 3.This decreasing interval means that it is getting cold, since the temperature is dropping and temperature drop implies getting cold.

What temperature?

This a term that represents the amount of how hot or cold a substance is the unit used to measure temperature as regards the question is degrees Celsius.

The range of the graph is temperature while the domain is the time

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