We invested $10000 into two bank accounts. One account earns 14% per year, the
other account earns 8% per year. How much did we invest into each account if after
the first year, the combined interest from the two accounts is $1238?


HELP ME

Answers

Answer 1

Answer:

Hi, there--

THE PROBLEM:

We invested $10,000 in 2 bank accounts. One account earns 14% per year the other earns 8%

per year. How much did we invest into each account if after the first year, the combined

interest from the 2 accounts is $1238?

A SOLUTION:

Define Variables:

Let x be the amount you originally invested in the first account.

Let y be the amount you originally invested in the second account.

Write Expressions and Equations:

Since you invested a total of $10,00 in two accounts. An equation that represents this is

x + y = 10000

One account (say the first one) earns 14% per year. Recall that the decimal form of 14% is

0.14. An expression for the amount of interest you earn after the first year in this account is

0.14x.

The other account earns 8% per year. The decimal representation of 8% is 0.08. The amount

of interest you earn after one year in this account is 0.08y.

The combine interest from both account after one year is $1238. An equation representing

the total interest earned is

0.14x + 0.08y = 1238

Now we have a system of two equations with two variables. We can solve for x and y. Rewrite

the first equation in "y=" form.

x + y = 10000

y = 10000 - x

Substitute 10000-x for y in the second equation.

0.14x + 0.08y = 1238

0.14x + 0.08(10000 - x) = 1238

Solve this equation for x. Use the Distributive Property to clear parentheses.

0.14x + 800 - 0.08x = 1238

Combine like terms (0.14x-0.08x is 0.06x).

0.06x + 800 = 1238

Subtract 800 to both sides to isolate x on the left.

0.06x = 1238 - 800

0.06x = 438

Divide both sides of the equation by 0.06.

x = 438/0.06

x = 7300

In the context of this problem, x=7300 means that you invested $7300 in the first account.

Since you invested a total of $10000, you invested 10000-7300=$2700 in the second account.

Check your work by verifying that these amounts will yield the correct amount of interest.

Substitute 7300 for x and 2700 for y in the interest equation.

0.14x + 0.08y = 1238

0.14(7300) + 0.08(2700) = 1238

1022 + 216 = 1238

1238 = 1238

Check!

Hope this helps! Feel free to email if you have any questions about the


Related Questions

Is 1.994 greater or lesser than 1.493

Answers

Answer:

greater than

Step-by-step explanation:

1.994 is closer to 2 than 1.493 so it is greater!

Use the number line below, where RS=9y+2, ST=2y+6, and RT= 52

Answers

Answer:

Step-by-step explanation:

Given

RS=9y+2, ST=2y+6, and RT= 52

The addition postulate is true for the number line.

RS+ST = RT

Substitute

9y+2+(2y+6) = 52

9y+2y+8 = 52

11y = 52-8

11y = 44

y = 44/11

y = 4

Find RS

RS = 9y+2

RS = 9(4)+2

RS = 36+2

RS = 38

Find ST:

ST = 2y+6

ST = 2(4)+6

ST = 8+6

ST = 14

Hence y = 4, RS = 38 and ST = 14

The coordinates of point T are (0,6). The midpoint of ST is (4.-6). Find the coordinates

point S.

Answers

Answer:

The coordinates of endpoint S are [tex]S(x,y) = (8,-18)[/tex].

Step-by-step explanation:

Let [tex]T(x, y) = (0, 6)[/tex] and [tex]M(x,y) = (4,-6)[/tex], which is the midpoint of line segment ST. From Linear Algebra we get that midpoint is the following vector sum of endpoints S and T. That is:

[tex]M(x,y) = \frac{1}{2}\cdot S(x,y) + \frac{1}{2}\cdot T(x,y)[/tex] (Eq. 1)

Now clear S in the previous expression:

[tex]S(x,y) = 2\cdot M(x,y) - T(x,y)[/tex] (Eq. 1b)

Then, the coordinates of point S are:

[tex]S(x,y) = 2\cdot (4,-6) - (0,6)[/tex]

[tex]S(x,y) = (8, -18)[/tex]

The coordinates of endpoint S are [tex]S(x,y) = (8,-18)[/tex].

si compro una camisa de 100 pesos con el 10% de descuento cuanto tengo que pagar en total​

Answers

Answer:

$90

Step-by-step explanation:

10% de 100 es 10; 100-10=90

Answer:

90 pesos

Step-by-step explanation:

10% de 100 es 10. Resta esos 10 pesos de los 100, y te da tu resultado de 90 pesos.

Si necesitas que te lo explique mas, dime y te ayudare :)

Suppose the average yearly salary of an individual whose final degree is a​ master's is ​$(blank) thousand less than twice that of an individual whose final degree is a​ bachelor's. Combined, two people with each of these educational attainments earn ​$(blank) thousand. Find the average yearly salary of an individual with each of these final degrees.

Answers

Complete question :

Suppose the average yearly salary of an individual whose final degree is a​ master's is ​$41 thousand less than twice that of an individual whose final degree is a​ bachelor's. Combined, two people with each of these educational attainments earn ​$118 thousand. Find the average yearly salary of an individual with each of these final degrees.

Answer:

Bachelors = $53000

Masters = $65000

Step-by-step explanation:

Given that :

Let Salary of bachelor's degree holder = b

Salary of Master's degree holder = 2b - 41000

Master's + bachelor's salary = $118,000

Hence,

2b - 41000 + b = 118,000

3b = 118000 + 41000

3b = 159000

b = 159000 / 3

b = $53,000

Bachelor's degree salary = $53,000

Master's degree salary ; 2b - 41000

2(53000) - 41000 = 65000

Canoe rentals cost $10 plus $4 per hour. A group of friends rent 3 canoes for 3 hours. what is their total cost.

Answers

Answer:

42

Step-by-step explanation:

Answer:

$42

Step-by-step explanation:

$10 * 3 canoes = $30

$4 * 3 hours = $12

30 + 12 = $42

An article presents a study of the effect of the subbase thickness on the amount of surface deflection caused by aircraft landing on an airport runway. In six applications of a 160 kN load on a runway with a subbase thickness of 864 mm, the average surface deflection was 2.53 mm with a standard deviation of 0.090 mm. Find a 90% confidence interval for the mean deflection caused by a 160 kN load. Round the answers to three decimal places.

Answers

Answer:

The 90% confidence interval is  [tex] 2.47<\mu < 2.59 [/tex]

Step-by-step explanation:

From the question we are told that

   The sample size is  n =  6

   The sample mean is  [tex]\= x = 2.53 \ mm[/tex]

   The standard deviation is  [tex]\sigma  =  0.090\ mm[/tex]

Given that the confidence level is 90% then the level of significance is  

        [tex]\alpha =  (100 - 90)\%[/tex]

=>     [tex]\alpha =  0.10 [/tex]

Generally from the normal distribution table the critical value  of  [tex]\frac{\alpha }{2}[/tex] is  

   [tex]Z_{\frac{\alpha }{2} } =  1.645 [/tex]

Generally the margin of error is mathematically represented as  

      [tex]E =1.645 *  \frac{0.090 }{\sqrt{6} }[/tex]

=>   [tex]E = 0.060 [/tex]

Generally 90% confidence interval is mathematically represented as  

      [tex]\= x -E <  \mu <  \=x  +E[/tex]

      [tex]2.53  -0.060 <\mu < 2.53  + 0.060[/tex]

=>   [tex] 2.47<\mu < 2.59 [/tex]

   

Solve each equation.
Show all steps
4) -8(-6-5k)=-232

Answers

the answer is k=4.6. hope this helps

The average of the first 3 weights was 14 pounds. The average of the next 7 was 4 pounds. What was the overall average of the weights?

Answers

Answer:

[tex]Average = 10[/tex]

Step-by-step explanation:

Given

[tex]First\ Three = 14[/tex] --- Average

[tex]Next\ Seven= 4[/tex] --- Average

Required

Determine the overall average

Represent the sum of the first three with x.

So:

[tex]\frac{x}{3} = 14[/tex]

Solve for x

[tex]x = 14 * 3[/tex]

[tex]x = 42[/tex]

Represent the sum of the next seven with y.

So:

[tex]\frac{y}{7} = 4[/tex]

Solve for y

[tex]y = 4 * 7[/tex]

[tex]y = 28[/tex]

The overall average is calculated as thus:

[tex]Average = \frac{x + y}{7}[/tex]

[tex]Average = \frac{42 + 28}{7}[/tex]

[tex]Average = \frac{70}{7}[/tex]

[tex]Average = 10[/tex]

25x 10 ^ 6 in standard form ​

Answers

25x10⁶ = 2.5x10⁷=25000000

#Learn more

-34/51 in standard form​

brainly.in/question/12244412

Lauren is running for president of the student government at UTD. The proportion of voters who favor Lauren is 0.8. A simple random sample of 100 voters is taken. What are the expected value, standard deviation, and shape of the sampling distribution of proportion (, respectively?

Answers

Answer:

 [tex]\mu_{x} = 0.8[/tex]

   [tex]\sigma  =  0.095  [/tex]  

  The shape of this sampling distribution is approximately normal

Step-by-step explanation:

From the question we are told that

  The population proportion is [tex]p = 0.8[/tex]

  The sample size is  n = 100

   

Generally the expected value of this sampling distribution is mathematically represented as

          [tex]\mu_{x} = p = 0.8[/tex]

Generally the standard deviation of this sampling distribution is mathematically represented as

    [tex]\sigma  =  \sqrt{ \frac{p(1- p )}{n } } [/tex]

=>  [tex]\sigma  =  \sqrt{ \frac{0.8 (1- 0.8 )}{100 } } [/tex]    

=>  [tex]\sigma  =  0.095  [/tex]      

Generally given that the sample is  large (i.e  n  >  30 ) and the standard deviation is finite then the shape of this sampling distribution is approximately normal

The function C(x)=16x+4,200 represents the cost to produce x number of items. How many items should be produced so that the average cost is less than $40?

Answers

Answer:

175

Step-by-step explanation:

Select all the possible (x,y) coordinates for the following linear equation y=3x+2

Answers

Answer:

x = 2/3

Step-by-step explanation:

To find x-intercept/zero, subtract y = 0

0 = 3x + 2

Move variable to the left-hand side and change its sign

-3 = 2

Divide both ides of the equation by - 3

x = - 2/3

Solution

x = - 2/3

Alternate form

x = - 0.6

if angle two equals 130 find the measure of angle 6 in the answer is not 130 or 50 wilmart brainiest ​

Answers

Answer:

∠6 = 130°

Step-by-step explanation:

the answer is 130.. because its a corresponding angles

that means corresponding angles are equal

∠2 = ∠6 = 130°

Question 3: Determine the missing base in the equation problem below. 75eight = 23 base​

Answers

Answer:

29

Step-by-step explanation:

Given the expression [tex]75_8 = 23_x[/tex] where x is the unknown base:

[tex]75_8 = 23_x\\7\times8^1 +5\times8^0 = 2\times x^1+3 \times x^0\\56+5 = 2x+3\\61 = 2x+3\\2x = 61-3\\2x = 58\\x = 58/2\\x = 29[/tex]

Hence the missing base is 29

What volume,in cubic inches,is equivalent to 15 cubic feet?

Answers

Answer: 1 feet = 12 inches

1 cubic feet = 12^3 = 1728 cubic inches

15 cubic feet = (15)(1728) = 25,920 cubic inches

Kane is training for a marathon. He starts by running 3 miles during every training session.

Each week plans to increase the distance of his run by mile.
1/4
Let w be the number of weeks. Write an expression to show the distance Kane
runs in a training session after w weeks.

Answers

Answer:

1/4w + 3 the answer has to be 20 characters long so ignore this

Answer:

Step-by-step explanation:

Given

Required

Determine the distance for w weeks

This will be calculated using the following Arithmetic progression formula

Where

Substitute these values

Open Bracket

Collect Like Terms

Take LCM

Which sentence can represent the inequality

Answers

c might be the correct answer try it :)

If i read a book for 25mins and it took me 1/23 longer to read how long did it take me to read the second book

Answers

25×1/23=1.08695652174.

25+1.08695652174=26.08695652174

Because of the relatively high interest rates, most consumers attempt to pay off their credit card bills promptly. However, this is not always possible. An analysis of the amount of interest paid monthly by a bank's Visa cardholders reveals that the amount is normally distributed with a mean of 2525 dollars and a standard deviation of 88 dollars. (Round all decimals to at least 3 places.) (a) What proportion of the bank's Visa cardholders pay more than 2828 dollars in interest

Answers

Complete Question

Because of the relatively high interest rates, most consumers attempt to pay off their credit card bills promptly. However, this is not always possible. An analysis of the amount of interest paid monthly by a bank's Visa cardholders reveals that the amount is normally distributed with a mean of 25 dollars and a standard deviation of 8 dollars. (Round all decimals to at least 3 places.) (a) What proportion of the bank's Visa cardholders pay more than 28 dollars in interest

Answer:

0.354

Step-by-step explanation:

We solve for z score in this question.

The formula is given as:

z = (x-μ)/σ, where

x is the raw score = $28

μ is the population mean = $25

σ is the population standard deviation = $8

z= 28 - 25/8

z = 0.375

P-value from Z-Table:

P(x<28) = 0.64617

P(x>28) = 1 - P(x<28)

= 1 - 0.64617

= 0.35383

Approximately to 3 decimal places = 0.354

The proportion of the bank's Visa cardholders pay more than 28 dollars in interest is 0.354.

Please help!!!!!!!! What is the measure of angle 4?

Answers

Answer:

30°

Step-by-step explanation:

<4=<2=30

(vertical opposite angles are equal)

Answer:

30 degrees

Step-by-step explanation:

Since 4 is equal on the other side of 2, it would be congruent, which is the same as 2. So, 30 degrees.

Consider the following.

P = −0.1s3 + 6s2 + 400.

Required:
a. Find the amount s of advertising (in thousands of dollars) that maximizes the profit P (in thousands of dollars).
b. Find the point of diminishing returns.

Answers

Answer:

A) s = $40 (in thousands of dollars)

B) point of diminishing returns is at;

(20, 2000) in thousands of dollars

Step-by-step explanation:

We are given the profit function as;

P = −0.1s³ + 6s² + 400

A) To maximize the profit, we need to find the first derivative and equate it to zero.

Thus;

dP/ds = -0.3s² + 12s

At dP/ds = 0, we have;

-0.3s² + 12s = 0

0.3s² = 12s

0.3s = 12

s = 12/0.3

s = $40 (in thousands of dollars)

B) To find the point of diminishing returns, we need to find the 2nd derivative of the given profit function and equate to zero.

Thus;

d²P/ds² = -0.6s + 12

At d²P/ds² = 0, we have;

-0.6s + 12 = 0

0.6s = 12

s = 12/0.6

s = 20

At s = 20,

P = −0.1(20)³ + 6(20)² + 400

P = -800 + 2400 + 400

P = 2000

Thus; point of diminishing returns is at;

(20, 2000) in thousands of dollars

Customers at the Palace Pro Shop receive a 10% discount if they are members. All customers must pay 7% in sales tax. The function f(x)=0.9x is used to determine the price of an item after the 10% member discount, where x is the regular price of the item. The function g(x)=1.07x is used to determine the total amount customers pay for a purchase after all discounts are applied. Which function can be used to determine T(x), the total amount a member pays for an item with a regular price of x dollars?

T(x)=0.963x
T(x)=0.17x
T(x)=1.19x
T(x)=1.97x

Answers

Answer:

0.963

Step-by-step explanation:

It’s correct

1 quart= 4cups=1.96, Each cup coat?

Answers

Answer:

Step-by-step explanation:

Sorry but please give detailed question

each friend received 5/4 of a pound of berries, how many friends are sharing berries?​

Answers

Answer:

2

Step-by-step explanation:

If 5 friends are sharing the berries, how many pounds of berries does each friend receive? Is the answer to 3/4 divided by 2/5 greater than or less than 1.

marcos is making three tile pictures.​

Answers

Answer: 360

Step-by-step explanation:

310 + 50 = 360

Answer:

1710

Step-by-step explanation:

310 x 3 = 930

260 x 3 = 780

930 + 780 = 1710

Of 1000 randomly selected cases of lung cancer, 838 resulted in death within 10 years. Construct a 95% two-sided confidence interval on the death rate from lung cancer. (a) Construct a 95% two-sided confidence interval on the death rate from lung cancer. Round your answers to 3 decimal places. (b) Using the point estimate of p obtained from the preliminary sample, what sample size is needed to be 95% confident that the error in estimating the true value of p is less than 0.03

Answers

Answer:

0.8152 ≤ p ≤ 0.8608

579

Step-by-step explanation:

Given the following :

Samples size n = 1000

Deaths within 10 years, p = 838

α = 95%

Construction a two way confidence interval:

p ± Zα/2 * √p(1-p) / n

point estimate p = 838/n = 838/1000 = 0.838

Z0.05/2 = Z0.025 = 1.96

0.838 - 1.96√0.838(1-0.838) / 1000

0.838 - 1.96*0.0116514 = 0.8152

0.838 + 1.96√0.838(1-0.838) / 1000

0.838 + 1.96*0.0116514 = 0.8608

0.8152 ≤ p ≤ 0.8608

b) Using the point estimate of p obtained from the preliminary sample, what sample size is needed to be 95% confident that the error in estimating the true value of p is less than 0.03

Error (E) = 0.03

To find the samome size, use the relation:

n = (Zα/2 / E)² * p(1-p)

n = (1.96/0.03)² * 0.838(1-0.838)

n = (1.96/0.03)² * 0.838 * 0.162

n = 4268.4444 * 0.838 * 0.162

n = 579.46

n = 579

convert 2 3/7 to an improper fraction​

Answers

Answer:The mixed number 2 3/7 can be converted to the improper fraction 17/7. The easiest way to do this is to multiply the denominator of the fraction (7 in...

Step-by-step explanation:

The average customer for a certain utility company pays $120 per month for utilities. The company plans to decrease utility bills by 3% each year for the next five years. Which of the following can be used to determine the total amount an average customer will pay for utilities during the next five years? an arithmetic series a geometric series a series that is neither arithmetic nor geometric a series that is both arithmetic and geometric
an arithmetic series
a geometric series
a series that is neither arithmetic nor geometric
a series that is both arithmetic and geometric

Answers

Answer:

a geometric series

Step-by-step explanation:

Suppose x = 5 is a solution to the equation 4x − 3(x + a) = 2. Find the value of a that makes the equation true.
a. -25

b. 2

c. 3

d. 1

Answers

Answer:

[tex]a = 1[/tex]

Step-by-step explanation:

Given

[tex]4x - 3(x + a) = 2[/tex]

[tex]x = 5[/tex]

Required

Determine the value of a

[tex]4x - 3(x + a) = 2[/tex]

Substitute 5 for x

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

Open all brackets

[tex]20 - 15 - 3a = 2[/tex]

[tex]5 - 3a = 2[/tex]

Collect Like Terms

[tex]-3a = 2 - 5[/tex]

[tex]-3a = -3[/tex]

Solve for a

[tex]a = -3/-3[/tex]

[tex]a = 1[/tex]

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