Examlex

Solved

A Man Invests a Total Of $21,000\$ 21,000 In Two Accounts, One Paying

question 67

Essay

A man invests a total of $21,000\$ 21,000 in two accounts, one paying 5.5%5.5 \% simple interest per year and the other paying 8.5%8.5 \% simple interest per year. His annual interest from both accounts is $1,280\$ 1,280 . How much did he invest at each rate?


Definitions:

Functional Status

An individual's ability to perform normal daily activities required to meet basic needs, fulfill usual roles, and maintain health and well-being.

Home Safety

Practices and precautions implemented in living areas to prevent accidents, injuries, and emergencies.

One-Level Living

A residential layout without stairs, facilitating easier movement for people with mobility issues.

Shopping Center

A complex or area that hosts multiple retail stores and commercial establishments where people can shop for various goods and services.

Related Questions