Examlex

Solved

An Investment of $6000

question 35

Multiple Choice

An investment of $6000.00 is divided between two simple interest accounts. On one account, the annual simple interest rate is 7.75%, and on the second account, the annual simple interest is 6.25%. How much should be invested in each account so that the total interest from the two accounts is $417?
(x at 7.75% and y at 6.25%.)


Definitions:

Ear Infection

A bacterial or viral infection affecting the middle ear, often resulting in pain, inflammation, and buildup of fluid.

Earache

Pain in the ear, which can be caused by conditions such as infections, pressure changes, or ear injury.

Allergic

Having an immune response to a substance that is harmless to most people, often leading to symptoms like itching, swelling, or difficulty breathing.

Related Questions