Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. advance math
  3. you invest your $2500 covid-19 stimulus check into

You invest your $2500 COVID-19 stimulus check into 3 separate accounts. The Certificate of Deposit (CD)...

90.2K

Verified Solution

Question

Advance Math

You invest your $2500 COVID-19 stimulus check into 3 separateaccounts. The Certificate of Deposit (CD) pays 4% interestannually. The stock market pays 5% annually. The toilet paperhoarding business pays 10% annually. If the amount spent on thetoilet paper hoarding business is $400 more than you spent on theCD, and the total interest gained is $169, how much money did youinvest in each venture. Please show all your equations, and thematrix you used to solve this.

Answer & Explanation Solved by verified expert
4.5 Ratings (709 Votes)
NOTE    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

Basic Math
1.2K views

The following data represents a distribution of speeds at which individuals were traveling on a highway: 64...

Chemistry
1.2K views

How many grams of aluminum sulfite will be formed from 125mL of a 0.25 M solution...

Biology
1.2K views

An aminoacyl-tRNA exhibits which one of the following characteristics? A. It is produced by a synthetase that is...

Biology
1.2K views

It can take millions of years for large changes in a population or species to...

Geometry
1.2K views

y r 4r 3 to 8 7 6 5 4 3 2 Clear All Draw...

Calculus
1.2K views

These are two similar triangles What does x equal 15 7 10 X x 9...

Algebra
1.2K views

mine if the following function has an inverse function ver V x 5 V has...

Accounting
1.2K views

Walters Audio Visual, Inc., offers a stock option plan to its regional managers. On January...

Accounting
1.2K views

Beta Company has the following beginning and ending inventory balances for the current year ended...

Accounting
1.2K views

You received the following information from a company's December 31, 2019 financial statements: Asset Useful...

Accounting
1.2K views

Como la suposicion del periodo de tiempo y los principios de reconocimiento de ingresos y...

Finance
1.2K views

A company's stock currently sells for $75 per share and has a beta of 1.1....