Register

$10,000 is invested at two different rates. $4,500 is invested at 4%, and the rest is invested at 5%. How much interest is earned at the end of one year? Show all work for full …

$10,000 is invested at two different rates. $4,500 is invested at 4%, and the rest is invested at 5%. How much interest is earned at the end of one year? Show all work for full …
226k views
2 votes
$10,000 is invested at two different rates. $4,500 is invested at 4%, and the rest is invested at 5%. How much interest is earned at the end of one year? Show all work for full credit.

User Ranju
by
9.0k points

1 Answer

1 vote
4500*0.04=180,,5500*0.05=275,, Total interest=180+275=455
User Mike Gleason
by
7.9k points
← Prev Question Next Question →

No related questions found

Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories

Other Questions

What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
Link Copied!