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- You inherit one million dollars. You invest it all in three accounts for one year. The first account pays 3% compounded annually, the second account pays 4% compounded annually, and the third account pays 2% compounded annually. After one year, you earn $34,000 in interest. If you invest four times the money into the account that pays 3% compared to 2%, how much did you invest in each account?arrow_forward2% of what salary is $169arrow_forwardThe value of a diamond bracelet depreciates at a value of 20% per year (in other words, the value of the bracelet each year is 80% of what is was the previous year). Katie bought a diamond tennis bracelet for $1000. At the beginning of the 8th year, the bracelet is worth $arrow_forward
- if $1200 is invested at 6% simple interest for 5 years, find the amount of interest earned.arrow_forwardJoseph Abruzzio decides to divide a gift of $6000 into two different accounts. He deposits $2000 in an IRA account that earns an annual simple interest rate of 5.5%. The remaining money is placed in an account that earns an annual simple interest rate of 8.25%. How much interest will Joseph earn in one year from the two accounts?$arrow_forwardA person invests 25,000 in two funds paying 3% and 4.5% simple interest. The annual interest equals $915. How much did this person invest in was he stock fund?arrow_forward
- All books are 25% off of the original price at the bookstore. If a book normally costs $20, what is the sale price of the book?arrow_forwardConstance invested $4000 for 3 years in a savings account paying simple interest with a yearly interest rate of 3.5%. How much simple interest did she earn? $14 $420 $140 $42arrow_forwardA store buys each yoyo for .$58. They sell each yoyo for 170% more than what they pay for it. How much does the store charge for each yoyoyarrow_forward
- The activity fee for an arts camp is $250. If the activity fee increases by 20%, what will be the new activity fee?arrow_forward$200, 3%, 3 months (solve for I)arrow_forwardA salesman earns $60,000 in commission in his first year and then has his commission reduced by 20% the second year. What percent increase in commission over the second year will give him $57,600 in the third year? The commission rate must increase by % over the second year for the salesman to get $57,600 in the third year. (Simplify your answer. Type an integer or a decimal.)arrow_forward
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