Adrian has $12,000 invested in a savings account which pays 5%, a time deposit paying 7% and a bond that pays 10%. He has $1000 less invested in the bond than in his savings account, and he earned $860 in annual interest. How much
an algebra student won $115,000 in a lottery and wishing to deposit it in savings accounts in two financial institutions. One account pays 7.9% simple interest but only insures $60,000. The second account pays 6.9% simple interest
Please help me out this problem! :) suppose that I buy a 10 yr bond today for $1000 and the interest rate when the bond is issued is 5 percent. the day after I buy the bond, the market interest rate on 10yr bonds rises to
You split $1500 between two savings accounts. Account A pays annual 5% interest and Account B pays 4% annual interest. After one year,you have earned a total of $69.50 in interest. How much money did you invest in each account?