Phyllis invested 750 dollars into two different accounts, a portion earning a yearly interest rate of 5 percent per year compounded monthly and the rest earning a rate of 6 percent per year compounded quarterly After 12 years the investments were worth $1469.99. How much money did she invest at each rate? At rate 5 percent : At rate 6 percent :

Q: John got $5000  from his grandmother to pay her tuition fee.He invested this amount at a 10% rate of…

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Q: Carl placed $3,200 in a savings account that compounds interest annually at a rate of 1.0%. How much…

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Q: At a 5 % annual interest rate, a principal of $2,000 earns $ 400. How long was the principal…

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Q: Brandon received a total of $10,000 as loans from his aunt Sabrina. After six years, Brandon paid…

A: Given that, Brandon received a loan of $10,000 from his aunt Sabrina.  After six years, Brandon pays…

Q: Nicole wants to save $4000 for a backpacking trip through Europe when she finishes college in 3…

A: Consider the given information.

Q: Sue to make $2000 interest if she invests 10,000 in an account that offers 4% p.a. ?

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Q: Bertha invests $10,000 for 8 years which results in an account balance of $24,759.63. What was her…

A: Given Bertha invested $10,000 for 8 years which resulted in an account balance of $24,759.63.

Q: If Damon invests $1600 for 1 year in a savings account that pays a simple interest rate of 1.09%…

A: Definition used -            Simple interest -                            SI=Prt100…

Q: Karl buys a $2500 investment certificate that pays 3.75% simple interest per year. How much more…

A: The term per cent means for every hundred. A fraction whose denominator is 100 is called a…

Q: Nancy deposited $950 into an account that pays 5.41% annual interest compounded annually. When she…

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Q: Hannah is buying a house in Prince Edward Island. She paid $45000 cash when she bought the house and…

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Q: Antonio invests $3,250, at 4% interest, compounded semiannually for 14 years. Use the compound…

A: We have given that rate of interest (r) = 4% per annum = 4%/2 = 2% semiannually  Number of times…

Q: Hannah saved $250 at the start of each month for the last 10 years. If the accumulated value of her…

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Q: Bo won $10,000 on a scratch-off lottery ticket. In five years, he wants to buy a new bass boat that…

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Q: Hsu-Mei wants to save $3,000 for a down payment on a car. To the nearest dollar, how much will she…

A: Let  be the present value you need to invest in an account.

Q: Connor bought a house for $215,000.00, paying 10% down, financing the rest at 7% interest for 25…

A: The objective is to find monthly payment and interest over the life of loan.

Q: Richard invests $205.42 every month into his retirement. At the end of 30 years, he has a balance of…

A: ANSWER :

Q: Based on making 46000 a year and saving 16% of that monthly income what is the monthly amount that…

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Equations and Inequations

Equations and inequalities describe the relationship between two mathematical expressions.

Linear Functions

A linear function can just be a constant, or it can be the constant multiplied with the variable like x or y. If the variables are of the form, x2, x1/2 or y2 it is not linear. The exponent over the variables should always be 1.