Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. basic math
  3. 11. a man invests his savings in two accounts, one

11. A man invests his savings in two accounts, one paying 6 percent and the other paying...

90.2K

Verified Solution

Question

Basic Math

11.A man invests his savings in two accounts, one paying 6 percent andthe other paying 10 percent simple interest per year. He puts twiceas much in the lower-yielding account because it is less risky. Hisannual interest is 198 dollars. How much did he invest at eachrate?
Your answer is
total in the account paying 6 percent interest is  
total in the account paying 10 percent interest is

Answer & Explanation Solved by verified expert
4.3 Ratings (809 Votes)
Solution Let in account two he invested x dollars and n account one he invested 2x dollars According to question Since account one paying 6 percent So Principal 2x    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Statistics
1.2K views

4 4 points problem shows that Side Side Angle is not a valid congruence principle...

Chemistry
1.2K views

Calculate the pH of each of the solutions and the change in pH to 0.01 pH...

Medical Sciences
1.2K views

Donna is a 35 year old female who is married and has a 5 year old...

Biology
1.2K views

Standardized Test Question Choose the letter of the response that correctly answers the question T...

Biology
1.2K views

Points 1 Which event follows the climax and leads to the resolution O Rising action...

Physics
1.2K views

3 44 A capacitor of capacitance C has potential difference E 2 and another capacitor...

Basic Math
1.2K views

Joan has an antique ring her grandmother gave to her that has been passed down...

Statistics
1.2K views

How does a preference ballot give a voter more choices in an election 1 point...

Calculus
1.2K views

Use derivatives to determine which of the functions below is the anti derivative of 2...

Accounting
1.2K views

19) Seaquest Company's contribution margin income statement is presented below. Sales for the current period...

Accounting
1.2K views

Single Plantwide Factory Overhead Rate Scrumptious Snacks Inc. manufactures three types of snack foods: tortilla...

Accounting
1.2K views

round 1.28 to three decimal place