Nina receive an inheritance of $12500 from her grandmother. She invested part of it at 5% interest, and she invested the remainder at 8%. If the total yearly interest from both investments was $960, how much did she invest at each rate?

Q: Jerry deposited $20,000 on an investment that will give $1,550 for every year that his money stays…

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Q: Fred invested $25,000 at 4% simple interest. What will be the total value of the account after five…

A: In this question we have to find the Accumulated value after 5 years investmnet of 25000 now  .…

Q: Lilly's boss pays her 18% of the companies daily profit. How much would Lilly earn if the company…

A: Given that: Lilly's boss pays her 18% of the companies daily profit. How much would Lilly earn if…

Q: 11. Solve. Round your answer to the nearest cent. Marie invested $10,000 in a savings account that…

A: Given query is to find the amount in the account after 7 years.

Q: Fred invested $25,000 at 4% simple interest. How much interest will he earn each year?

A: Simple interest:Simple interest is an easy method of calculating the interest charge on a loan.…

Q: emily kailyn received an inheritance of $208,000.00 from her grandfather and invested part at 10%…

A: Follow below steps to obtain the answer: -As we know that formula for calculating simple interest is…

Q: Kaj invests money in an account paying a simple interest of 1.2% per year. If she invests $90 and no…

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Q: If $5000 dollars is invested at 8% simple interest, how long does it take for the investment to be…

A: Concept Used:(The simple interest) The simple interest formula is A=P(1+rt) where P=The principal,…

Q: Ken borrowed $2000 from Sam at 8% per annum. After 6 years he cleared the amount by giving $2600…

A: From the given information, we have to find the cost of the watch.

Q: one man received 15% more then the other man when they shared an inheritance of $4300 how much did…

A: One man received $2000, another man received $2300

Q: At the beginning of the year Anna invested a portion of her $90, 000 revenue from the sale of her…

A: The amount invested for 8% annual simple interest be x. The interest would be, I=r·P=0.08x. The…

Q: Celine deposited $505 into her savings account. If the interest rate of theaccount is 5% per year,…

A: Initial amount= P= 505  Interest rate= r= 5%= 0.05  Time = t= 4 years Interest= I = ?

Q: Jane has invested $18,000 and gets an income of $1470 after a year. If a part of the $18,000 earns…

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