If Ben invests $4500 at 4% interest per year, how much additional money must he invest at 5 1 2 % annual interest to ensure that the interest he receives each year is 4 1 2 % of the total amount invested?

My account
Edit my Profile
Private messages
My favorites

Ask a Question
Questions
Unanswered
Tags
Categories
Ask a Question

asked Sep 28, 2023 200k views

4 votes

Mathematics
high-school

Mikael Engver asked

by Mikael Engver

8.0k points

0 Comments

Please log in or register to add a comment.

Please log in or register to answer this question.

1 Answer

6 votes

Ben should assist additional money of 2250

Nemequ answered Oct 4, 2023

by Nemequ

8.5k points

0 Comments

Please log in or register to add a comment.

← Prev Question Next Question →

Related questions

asked Jun 2, 2024 57.5k views

Cody invests $4500 in two different accounts. The first account paid 9%, the second account paid 8% in interest. At the end of the first year, he had earned $373 in interest. How much was in each account?

Jacrys asked Jun 2, 2024

by Jacrys

8.4k points

Mathematics
high-school

1 answer

1 vote

57.5k views

asked Mar 28, 2024 232k views

Fred invests $4500 in an account which gives him 2.7% simple interest per annum. after 4 years, what is the total amount of money in the account?

Jeryl asked Mar 28, 2024

by Jeryl

8.4k points

Mathematics
high-school

1 answer

2 votes

232k views

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

0 Comments

Please log in or register to add a comment.

Please log in or register to answer this question.

1 Answer

0 Comments

Please log in or register to add a comment.

Related questions

Other Questions