Greg invested $11,000 in two accounts.
• The first account pays 5% interest per year.
• The second account pays 8% interest per year.
Greg earned a total of $752.50 in interest at the end of the first year.
How much did Greg invest in the 5% account?

A) 6750
B) 3415
C) 5500
D) $4250

Answers

Answer 1

Answer:

D; $4,250

Step-by-step explanation:

Here, we want to know the amount that was invested in the 5% account

We proceed as follows;

Let the amount invested in the 5% interest account be $a and the amount invested in the 8% interest account be $b

We have it that the total investment amount is $11,000

Mathematically, since total is 11,000; we can add a and b to give this

a + b = 11,000 •••••••••(i)

Now, let us work with the interests

Interest earned will be;

Percentage of interest * Amount invested

For the 5% interest account, the interest earned will be;

5/100 * a = 5a/100 = 0.05a

For the 8% interest account , the interest earned will be;

8/100 * b = 0.08b

By adding the interests on both account, we can get the total amount of interest earned

We can have this as;

0.05a + 0.08b = 752.50 •••••(ii)

From equation i above;

b = 11,000 - a

Substitute this into ii

0.05a + 0.08(11,000-a) = 752.5

0.05a+ 880 - 0.08a = 752.5

0.08a-0.05a = 880-752.5

0.03a = 127.5

a = 127.5/0.03

a = $4,250


Related Questions

Sally's job pays her $30 per hour.
If Sally works 6 hours, how much money would she earn?
I

Answers

180 $
I hope that helps

Answer:

$180

Step-by-step explanation:

If Sally's job is paying her $30 PER HOUR, and we know that she works 6 hours, you would need to find how to put those two numbers together to get how much total money she earns. Since she gets 30 dollars per hour, and she works 6 hours, this hints to us that it is a multiplication problem. So, we would do 30×6= 180.

Given side lengths 4 units, 8 units, and x units, determine the range in which x must lie in order for a triangle to exist.
A)
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B)
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D)
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Answers

Answer:

C) 4 < x < 12

Larissa plans to bake at most 10 loaves of bread. She makes x loaves of banana bread that sell for $1.25 each and y loaves of nut bread that sell for $1.50 each. She hopes to make at least $24 in sales. Write and graph a system of inequalities for this situation. What does the graph show?

Answers

Answer:

1) The system of inequalities are;

x × 1.25 + y × 1.5 ≥ 24

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Please find attached the required graph of the two inequalities ,created with Microsoft Excel

2) The graph of inequality shows that Larissa cannot to make less than 10 loafs of bread and sell them for over $24 at the given prices of each loaf of bread

Step-by-step explanation:

1) The maximum number of loaves Larissa plans to make = 10

The price at which she sells each of x loaves of banana bread = $1.25

The price at which she sells each of y loaves of nut bread = $1.50

The total amount she hopes to make = $24

The system of inequalities are;

x × 1.25 + y × 1.5 ≥ 24

x + y ≤ 10

Making y the subject of both inequalities gives;

For the first inequality, we have,

y ≥ 24/1.5 - 1.25/1.5·x which gives;

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For the second inequality, we have,

y ≤ 10 - x

Please find attached the required graph of the two inequalities

2) From the attached graph of inequality, created with Microsoft Excel, it shows that it is not possible for Larissa to make less than 10 loafs of bread and at the same time sell them for over $24 if the price of each banana bread is $1.25 and the price of each nut bread is $1.50.

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Answers

I think the answer is the last one

The temperature is 2 ∘F and drops to −15 ∘F overnight. Write and then evaluate a subtraction expression to determine the change in temperature.

Answers

Answer:

Expression: 2 - (-15)

17 degree change in temperature

Step-by-step explanation:

2 - (-15)

2 + 15

17

Cookies are on sale! Today each cookie costs $0.75 less than the normal price. Right now if you buy 7 of them it will only cost you $2.80!
Write an equation to determine the normal price of each cookie (c)
Find the normal price of each cookie.

Answers

Answer:

$1.35

Step-by-step explanation:

divide $2.80 by 7 ($0.40)then add $0.75 Which equals $1.35

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Answers

I'm sorry, but this question is not provided with enough information in order for it to be answered

Answer:

EGBFDHAIC

Step-by-step explanation:

Lol i did this before hope this helps!!

Please help me!!! Pick the correct answer choices!!!

Answers

Answer:

1.C

2.A

Step-by-step explanation:

hope this helps. {ps  please give brainliest :)}

Michelle is debating between two different mortgages for $184,000. She found a 20-year fixed rate loan at 7.05% and 15-year fixed rate loan at the same rate. How much more interest will she pay for the 20-year loan versus the 15-year loan?

Answers

9514 1404 393

Answer:

  $45,081

Step-by-step explanation:

The amortization formula can be used to find the monthly payment.

  A = P(r/12)/(1 -(1 +r/12)^(-12t))

For the 20-year loan with r=0.0705 and P=184,000, the monthly payment is ...

  A = $1432.08

The total amount repaid will be ...

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__

For the 15-year loan with the same parameters, the monthly payment is ...

  A = 1658.99

and the total amount repaid is ...

  12×15×1658.99 = 298,618.20

The difference in these repayment amounts is the difference in interest charges:

  343,699.20 -298,618.20 = 45,081

The 20-year loan will cost $45,081 more than the 15-year loan.

Ashley had a summer lemonade stand where she sold small cups of lemonade f
or $1.25 and large
cups for $2.50. If Ashley sold a total of
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Answers

Answer:

$267.7

Step-by-step explanation:

57 large cups and 98 small cups
98x1.25=122.5
57x2.50=142.5
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Answers

Answer:

-11/12 + 5/12

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Answer:

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Step-by-step explanation:

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     -11/12 + 5/12

2. Add them together.

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Step-by-step explanation:

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Answer:

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Step-by-step explanation:

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Answers

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Step-by-step explanation:

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Answers

Answer:

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Step-by-step explanation:

Have a wonderful day/night!

Answer:

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If we already know that XY=WZ, which additional fact would prove that quadrilateral WXYZ is a parallelogram?

Answers

Answer:

WX=ZY would prove that the quadrilateral WXYZ is a parallelogram

Step-by-step explanation:

The additional fact that would prove that quadrilateral WXYZ is a parallelogram is '' XY = YZ''.

Given

If we already know that XY=WZ,

What is parallelogram?

A Parallelogram is a four-sided quadrilateral whose opposite sides are parallel and congruent to each other.

The opposite angles of a parallelogram are equal.

These bisectors intersect each other at 90 degrees.

And it means that they are perpendicular.

Since they are perpendicular, we find that there 4 congruent triangles, XY is parallel to WZ, and WX is parallel to YZ.

Additionally, opposite angles are equal.

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Answers

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Answers

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Step-by-step explanation:

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Answers

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Answers

Answer:

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Step-by-step explanation:

18(x - 3) - 26

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18x – 80

The answer is a. 18x - 80

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Answers

Answer:

U can join maths tution classes...✨✨

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Answers

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I wanna ruin our friendship we should be lovers instead

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Answer:

question 6 is false, 5.4. question 7 is false, 4.6

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Write an equation in slope-intercept form for the line with slope −3 and y-intercept 2.

Answers

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Answers

Answer:

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Step-by-step explanation:

Multiply 3/4 with 1212 x 3 will become 36 and divided by 4 is 99 + 5/6  cannot be added because they do not have the same denominator. Next you have to multiply 9/1 with 6/6 so that it has the same denominator as 5/6The problem will now become 5/6 + 54/6Now you can add the numerators and get the answerThe answer is59/6

Kevin gathered data from his classmates about the number of books they consulted and the total time they spent on a research paper. The scatter plot shows the data he gathered and the line of best fit.



The equation of the line of best fit is y = 70.28x + 425.77.

Based on the line of best fit, approximately how many minutes would a student who consults 3 books spend on a research paper?


211

372

496

637

Answers

The student who consults 3 books spends 637 minutes on a research paper based on the line of best fit if the equation of the line of best fit is y = 70.28x + 425.77 option (D) is correct.

What is the line of best fit?

A mathematical notion called the line of the best fit connects points spread throughout a graph. It's a type of linear regression that uses scatter data to figure out the best way to define the dots' relationship.

[tex]\rm m = \dfrac{n\sum xy-\sum x \sum y}{n\sum x^2 - (\sum x)^2}\\\\\\\rm c = \dfrac{\sum y -m \sum x}{n}[/tex]

We have:

Kevin gathered data from his classmates about the number of books they consulted and the total time they spent on a research paper.

The line of best fit is:

y  = 70.28x + 425.77

Plug x = 3 in the line of best fit:

y  = 70.28(3) + 425.77

y = 21.084 + 425.77

y = 636.61 minutes ≈ 637 minutes

Thus, the student who consults 3 books spends 637 minutes on a research paper based on the line of best fit if the equation of the line of best fit is y = 70.28x + 425.77 option (D) is correct.

Learn more about the line of best fit here:

brainly.com/question/14279419

#SPJ5

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