Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. basic math
  3. you invested $5000 between two accounts paying 5%

You invested $5000 between two accounts paying 5% and 8% annual interest, respectively. If the...

50.1K

Verified Solution

Question

Basic Math

image

You invested $5000 between two accounts paying 5% and 8% annual interest, respectively. If the total interest earned for the year was $340, how much was invested at each rate? $__ was invested at 5% and $ __ was invested at 8%.

Answer & Explanation Solved by verified expert
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

Chemistry
1.2K views

A student is given two unknown samples continuing two different compounds with the same molecular formula,...

Physics
1.2K views

A plane electromagnetic wave travels in vacuum along z direction What can you say about...

Physics
1.2K views

7 29 A 1000 kg car moving at 20 m s hits a 2000 kg...

Statistics
1.2K views

Find the indicated probabilities using the geometric distribution the Poisson distribution or the binomial distribution...

Algebra
1.2K views

Determine which ordered pairs satisfy the 3 4 5 18 0 18 3y 2x 6...

Algebra
1.2K views

Write an inequality for each graph 17 3 2 1 Solve each inequality and graph...

Accounting
1.2K views

A- A = A. A A A. A A E.E. E33 : 33 A ....

Accounting
1.2K views

The City of Castletons General Fund had the following post-closing trial balance at June 30,...

Accounting
1.2K views

Sales were $66,000. Cost of merchandise sold was 75% of sales. 65% of sales were...

Finance
1.2K views

Stock A just distributed a dividend of $4. It is expected that the company will...

Finance
1.2K views

7 Problem 14-8 Calculating Cost of Debt [LO2] Jiminy's Cricket Farm issued a bond with...

Finance
1.2K views

Please show full workings thanks so much Simkins Inc has just...