A banker invests $25,000 into two mutual funds. One fund pays a phenomenal 24% interest on the original investment. The other does average, earning only 5% for the year. The banker earns $5,600 in interest from these two funds during the year. How much money did the banker invest in the fund that paid 5% interest? (round your answer to the nearest dollar) $19,400 $2,105 $22,895 $6,000

Q: The Chess Club had an activity fund balance of $321 to begin the school year. Club members spent…

A: The objective of the question is to find out the remaining balance in the Chess Club's activity fund…

Q: A person invested $3743 in mutual funds containing bonds. Find the rate, given that she earned…

A:

Q: X +5 ×ラン2x?+x メP

A:

Q: Lucy invested $10,000 in a new mutual fund account exactly three years ago. The value of the account…

A: The objective of this question is to find the value of Lucy's mutual fund account today, after three…

Q: A used car bought in 2019 was worth $8,000. Each year its value depreciates by 4.5%. What is the…

A:

Q: A new car was purchased at a cost of $25,000. The car depreciates approximately 15% of its value…

A:

Q: Richard invests $184.67 every month into his 401k. At the end of 30 years, he has a balance of…

A:

Q: Pretend that you buy a $200 dollar stock. A. If the price goes up 10% on Monday, up 5% on Tuesday,…

A:

Q: Juan has a goal of saving up $58,250 by making biweekly (26 per year) deposits into a savings…

A: Given Juan has a goal of saving up $58,250 by making biweekly (26 per year) deposits into a savings…

Q: A man wants to set up a 529 college savings account for his granddaughter. How much would he need to…

A:

Q: Hosea is given $100. Each day, he gains 1% on the total dollar amount he has, then he loses 1% of…

A:

Q: Professor Beatrice Kuhl invests $7,500 at 4.5% interest.  How much money will she have at the end of…

A: the given principal value P = $ 7,500 interest rate r = 4.5% for time t = 6 years

Q: An investor deposits 3,500 into an account paying 8% compunded semiannually. Two years later she…

A: Here we find compound money upto 7 year.

Q: A friend lends you $900, which you agree to repay with 3% interest. How much will you have to repay?…

A:

Q: A business analyst starts at $45,000. She receives a 5% raise at the end of each year. What is her…

A: P=$45000Rate = R= 5% =0.05Time=t=6 years

Q: Joe invested 7,000 into a mutual fund to save for a new car. The mutual fund compounds quarterly…

A:

Q: Taylor starts an IRA (Individual Retirement Account) at the age of 26 to save for retirement. She…

A: The future value of the investment in the IRA is given by the formula:Here,P is the periodic deposit…

Q: A raffle is being held to benefit the local animal shelter.  They sell 518 tickets that do not win…

A: It is required to determine the amount the shelter would be expected to earn on selling each raffle…

Q: Three years ago, Jolene bought $625 worth of stock in a software company. Since 1 then the value of…

A:

Q: A friend lends you $490, which you agree to repay with 7% interest. How much will you have to repay?…

A: Solution

Q: A store sells a shirt with a markup of 60% above what they purchased it from the manufacturer. If…

A: Given The cost price of the shirt for the store is CP =$12.50 A store sells a shirt with a markup of…

Q: You purchase 260 shares of stock at $37.20 per share. Several months later you sell the shares at…

A: Given, You purchase 260 shares of stock at $37.20 per share. Several months later you sell the…

Q: Your Great Aunt Thelma invested $3.75 for you the day your were born. The investment doubles every…

A: