Simple Interest
 👍 0
 👎 0
 👁 1,391

 👍 0
 👎 3

 👍 0
 👎 0

 👍 0
 👎 0

 👍 0
 👎 0
Respond to this Question
Similar Questions

Math
Betsy, a recent retiree, requires $6,000 per year in extra income. She has $60,000 to invest and can invest in Brated bonds paying 13% per year or in a certificate of deposit (CD) paying 3% per year. How much money should be
asked by Lisa on October 6, 2010 
algebra
Last year, Susan had 30,000 to invest. She invested some of it in an account that paid 8% simple interest per year, and she invested the rest in an account that paid 7% simple interest per year. After one year, she received a
asked by Hailey on March 31, 2012 
Math(Please help)
Betsy, a recent retiree, requires $6,000 per year in extra income. She has $70,000 to invest and can invest in Brated bonds paying 17% per year or in a CD paying 7% per year. How much money should be invested in each to realize
asked by Hannah on September 19, 2010 
math
Alice wants to know how much she'll have to invest today to receive an annuity of $10,000 for six years if interest is earned at 7% annually. She'll make all of her withdrawals at the end of each year. How much should she invest?
asked by Diana on December 5, 2019 
Math
A retired couple needs $12,000 per year in income to supplement their Social Security. They have $150,000 to invest to obtain this income. They have decided on two investment options: AA bonds yielding 10% per annum and a bank CD
asked by Angel on July 7, 2005

math
...A woman has a total of $9,000 to invest. She invests part of the money in an account that pays 5% per year and the rest in an account that pays 12% per year. If the interest earned in the first year is $730, how much did she
asked by sally on February 5, 2012 
finance
Assume you are planning to invest $5,000 each year for six years and will earn 10 percent per year. Determine the future value of this annuity if your first $5,000 is invested at the end of the first year.
asked by Anonymous on May 24, 2012 
pre calc
Formulate but do not solve the problem. Kelly Fisher invested a total of $20,000 in two municipal bonds that have yields of 8% and 9% interest per year, respectively. If the interest Kelly receives from the bonds in a year is
asked by Melissa on January 5, 2017 
math  linear programming
A woman wishes to invest $12,000 in three of bonds: municipal bonds paying 7% interest per year, bank investment certificates paying 8%, and highrisk bonds paying 12%. For tax reasons she wants the amount invested in municipal
asked by Sky on December 1, 2012 
accounting
Carlton company had assetsof $280,000 & liabilities of $120,000 at the beginning of the year and assets of $400,000 & liabilities of $140,000 at the end of the year. During the year, the owner invested an additional $40,000 in the
asked by Monica on April 20, 2011
You can view more similar questions or ask a new question.