Mathematics

12 July, 03:02

Suppose $50,000 is divided into two bank accounts. one account pays 4% simple interest per year and the other pays 6.4%. after five years there is a total of $12,000 in interest between the two accounts. how much was invested into the bank account that pays 6.4% simple interest (rounded to the nearest cent) ?

+5

Answers (1)

Know the Answer?

Not Sure About the Answer?

Find an answer to your question 👍 “Suppose $50,000 is divided into two bank accounts. one account pays 4% simple interest per year and the other pays 6.4%. after five years ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.

Search for Other Answers

You Might be Interested in

Solve the equation: - 3x + 6 = 39

A mutual fund pays 6% interest on all funds deposited for 1 month or longer. Jim wants to take advantage of the 6% interest rate and transfers a portion of his savings account to the mutual fund.

69.6% of all full-time law enforcement officers are sworn officers, and of those, 88.2% were males. Females, however, make up 60.8% of civilian employees. One law enforcement officer is chosen at random.

What is the amplitude of y=3sin (9x)

A doctor has 12,000 patients. 4560 of these patients are male. What percentage of the patients are female?

New Questions in Mathematics

Identify the two statements that contradict each other: A) Line FA || Line AC B) Line FA and AC are skew C) Line Fa and AC do not intersect

The difference of 9 times a number and 2 is 67. Which equation below can be used to find the unknown number?

We need to substitute these problem you can take first one to understand

Which of the following situations can be represented by the absolute value of 10? Check all that apply. The temperature is 10 degrees below zero. Express this as an integer. Determine the size of Harold's debt if he owes $10.

What is the median for this set of data 37 14 22 45 57 58 61 A) 41 B) 45 C) 46 D) 58