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A person invests $7,500 part at 5% and the remainder at 4% simple interest. If the total interest at the end of the first year was $346.50, find the amount invested at 4%. total interest=346.5=7500*.05 + x*.04 solve for x.
asked by Dan on July 17, 2005 
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If Mark invests $8000 at 6% simple interest rate, how much money must he invest at an 8% simple interest rate in order for the interest on each investment to be $500. Assume that the amount of time for both investments is the
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A mother wants to invest $5000 for her son's future education. She invests a portion of the money in a bank certificate of deposit (CD account) which earns 4% simple interest and the remainder in a savings bond that
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A person invests $500 on June 4, 2015 in an account which earns 7% simple interest. Determine the value of the investment on October 18, 2015.
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Leroy invests $7,500 at 15% simple interest per year. How much interest will he earn in 10 months?
asked by Anonymous on September 24, 2015

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How can $60,000 be invested, part at 7% annual simple interest and the remainder at 12% annual simple interest, so that the interest earned by the two accounts will be equal?
asked by Charlene on June 21, 2012 
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Maybe that was to confusing...we have a data sheet to fill out  2 questions with simple interest and 2 with compound interest. I just need the simple interest help: Prob. #1 Find the total amount if you deposit $500. at a rate of
asked by Cassie on February 25, 2013 
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Tracy started a saying account that is set up so that the simple interest earned on the investment is moved into a separate account at the end of each year. Tracy invests $5,000 at 4.5%, what is the total simple interest
asked by Lulu9705 on January 24, 2019 
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15. Lisa takes a loan of $10,500 at a 9% simple interest rate for 7 years. a. How much interest will she pay after 3 years? b. How much interest will she pay in total for the loan? $2,835.00; $6,615.00 $8,280.00; $9,720.00*
asked by SmartyPants on March 13, 2015 
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Trevor invests $10000 for a year.he obtains 8% per year for a part of the money and 10%per an um for remainder.at end of the year he sill receive $950 in interest.how much does he invest at 10%
asked by Lindy on October 27, 2014