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ericsmith19
18.09.2019 •
Business
In planning her retirement. janet deposits some money at 2.5% interest, with twice as much deposited at 3%. find the amount deposited at each rate if the total annual interest income is $850
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Ответ:
I = P x i
where I is the interest, P is the present value, and i is the interest rate.
Substituting the known values for this item,
850 = (x)(0.025) + (2x)(0.03)
Simplifying,
850 = 0.025x + 0.06x
Further simplification,
850 = 0.085x
The value of x from the equation is $10,000.
ANSWERS:
amount invested with 2.5% interest is $10,000 and
amount invested with 3% interest is $20,000
Ответ:
im pretty sure it's either the first or the last one