Ateam of cancer research specialists received a grant of $500,000 to be used for cancer research. they deposited some of the money in a 10% simple interest account and the remainder in an 9% annual simple interest account. how much was deposited in each account if the annual interest is $49,500?

Step-by-step explanation:

Let x represent the amount invested at 10%. Then the total interest earned per year is ...

  0.10x + 0.09(500,000-x) = 49,500

  0.01x = 49500 -45000

  x = 4500/0.01 = 450,000

$450,000 was deposited in the 10% account; $50,000 was deposited in the 9% account.

a) Jake would be incorrect well because he says in his estimation there are 32 employees but there are really 31. And he says that he can give 2000 to each employee but that would only be enough for 3 employes he would need 62,000 dollars. But the question is saying 6582.

b) 6582 / 31 = 212.3225 = 212 per employee

Final

$212 Per Employee

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