Register
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?
200k views
4 votes
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?

User Mikael Engver
by
4.5k points

1 Answer

6 votes
Ben should assist additional money of 2250
User Nemequ
by
5.3k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

5.2m questions

6.7m answers

Other Questions

Pizza planet is running a special 3 pizzas for 16.50. What is the unit rate for one pizza
What number is halfway between 0 and 18
If the 9-inch wheel of cheese costs $18.60, what is the cost per square inch? If the cost is less than a dollar, put a zero to the left of the decimal point?
I need to simplify this expression.
Need answer to math problem!!!​
Link Copied!