Scott invested a total of $9500 at two separate banks. One bank pays simple interest of 11% per year while the other pays simple interest at a rate of 9% per year. If Scott earned $973.00 in interest during a

41,410 results
  1. algebra

    A total of $12,000 is invested in two funds paying 9% and 11% simple interest. If the yearly interest is $1,180, how much of the $12,000 is invested at each rate? We have two unknowns: the amount of money invested at 9% and the amount of money invested at

  2. math

    Mr. Wilson invested money in two accounts. His total investment was $40,000. If one account pays 4% in interest and the other pays 8% in interest, how much does he have in each account if he earned a total of $2,720 in interest in 1 year?

  3. College alerbra

    Scott invested a total of $9500 at two separate banks. One bank pays simple interest of 11% per year while the other pays simple interest at a rate of 9% per year. If Scott earned $973.00 in interest during a single year, how much did he deposit in each

  4. Percentage change

    Ethan invested £500 in the bank for 2 years. He earned £40 simple interest in total. What was the simple interest rate per annum?

  5. Economics - Finance

    If your bank pays 5.5 percent interest on savings deposits, what is the simple interest paid in the third year on an initial $100 deposit? What is the total amount in the account after three years? What is the amount after three years if the interest was

  6. Finance

    First Simple Bank pays 6 percent simple interest on its investment accounts. First Complex Bank pays interest on its accounts compounded annually. Required: What rate should the bank set if it wants to match First Simple Bank over an investment horizon of

  7. Math(simple interest)

    Mr.X invested a total of Rs.10,000 in three different accounts, the Accounts paid simple interest at an annual rate of 8%,9% and 7.5% respectively. Total interest earned for the year was Rs.845. The amount in the 9% account was twice the amount invested in

  8. Algebra

    A total of $7000 is invested in three accounts. Some was invested at 6%, some at 8%, and the rest at 9%. find the amount invested at each rate if the total interest for one year was $555 and the amount invested at 8% was three times the amount invested at

  9. Finance

    First bank pays 7 percent simple interest on its investment accounts. If second bank pays interest on its accounts compounded annual, what rate should the bank set if it wants to match first bank over an investment horizon of 10 years?

  10. 10 Pre algebra questions

    Review Directions: Use the interest formula to solve each of the following problems. 1) Cathy borrows $3280 at 0.3% simple interest per month. When Cathy pays the loan back 9 years later, what is the total amount that Cathy ends up repaying? 2) Ruth

  11. Calculus

    Michael Perez deposited a total of $4000 with two savings institutions. Bank A pays interest at the rate of 5%/year, whereas Bank B pays interest at the rate of 8%/year. If Michael earned a total of $308 in interest during a single year, how much did he

  12. math

    Suppose $500 is divided into two bank accounts. One account pays 15% simple interest per year and the other pays 10%. After three years there is a total of $200 in interest between the two accounts. How much was invested into the bank account that pays 10%

  13. algebra

    Solve the problem. Helen Weller invested $15,000 in an account that pays 12% simple interest. How much additional money must be invested in an account that pays 15% simple interest so that the total interest is equal to the interest on the two investments

  14. algebra

    Dilbert invests a total of $14,000 in two accounts paying 9% and 15% simple interest, respectively. How much was invested in each account if, after one year, the total interest was $1,350.00. A) Enter an equation that uses the information as it is given

  15. Math

    Scott deposits $400 into an account that pays simple interest at a rate of 6% per year. How much interest will he be paid in the first 2 years?

  16. SS

    Rohan has 100 dollars that he wants to save in a bank. Bank A offers two types of savings accounts. One has a 5% simple interest rate and the other has a 4.8% compound interest rate. Bank B also offers two types of savings accounts. One has a 3% simple

  17. Algebra

    spencer deposit 540 in a bank account that pays annual simple interest rate of 4.5%. How much interest will he earn after 3 years? a.about $73.00 b.about $7,290.00 c about $126.00

  18. algebra

    A total of $6200 is deposited into two simple interest accounts. On one account the annual simple interest rate is 2%, and on the second account the annual simple interest rate is 4%. The amount of interest earned for 1 year was $148. How much was invested

  19. math

    Louis borrowed $500 from his bank. His bank will charge Louis 8% simple interest per year to loan him the money. If he paid back the total amount he owed the bank, including interest, in 6 months, how much should he have paid?

  20. algebra 1

    Amanda invested a total of $3,600 into three separate accounts that pay 5%, 7%, and 9% annual interest. Amanda has four times as much invested in the account that pays 9% as she does in the account that pays 5%. If the total interest for the year is $282,

  21. math

    Katie invested a total of ​$6000 ​, part at 3 ​% simple interest and part at 4 ​% simple interest. At the end of 1​ year, the investments had earned ​$214 interest. How much was invested at each​ rate?

  22. math

    8.Mary invested RM3000 in two accounts, some at 12% per annum and the rest at 8 percent per annum.Her total interest for one year was RM3200.how much was invested at each rate? 9.RM 1999 was invested for a certain period. The simple interest earned was

  23. algebra (please help)

    A total of $22,000 is invested in two municipal bonds that pay 4.25% and 5.75% simple interest. The investor wants an annual interest income of $1085 from the investments. What amount should be invested in the 4.25% bond?

  24. Maths

    Mrs Ricky borrowed $5,340 at a bank at 9.5% per annum simple interest for 5 years. (A) the sum of money paid in interest to the bank. (B) the total amount of money repaid to the bank. (C) the value of each monthly installment.

  25. Algebra

    Mrs. Jones invested $10,000, some in each of two separate accounts. One pays 5% interest and the other 6%. If her combined annual interest is $575, how much does she have invested in each account?....I need help solving this problem...thanks

  26. math

    Mr. Wilson invested money in two accounts. His total investment was $30,000. If one account pays 3% in interest and the other pays 7% in interest, how much does he have in each account if he earned a total of $1,300 in interest in 1 year? He invested $ in

  27. pre algebra yall

    Hey yall who see this i need some help on my math homework so can someone please help a girl out here i am in 7th grade yall i need to know what these are using p=irt Deb borrows $3190 at 2.9% simple interest per month. When Deb pays the loan back 5 years

  28. math

    Suppose you deposit $350 in a bank account that pays 6% annual simple interest. Find the interest earned in 4 months and in 1 year.

  29. investing 2-3

    Which of the following best explains why commercial banks assume significant liabilities? A. All commercial bank deposits are liabilities. B. The loans commercial banks write can be risky. C. Banks may pay too much interest on their deposits. D. Banks may

  30. Mathematics

    If N$20,000 has been invested for the last 3 years at 6% per annum simple interest, what is the total amount invested to-date and the amount of interest that the investment has earned?

  31. Algebra

    Suppose $6,500 is divided into two bank accounts. One account pays 10% simple interest per year and the other pays 4.6%. After two years there is a total of $1000 in interest between the two accounts. How much was invested into the bank account that pays

  32. Algebra

    Katie invested a total of $7,000, part at 2% simple interest, and part at 3% simple interest. At the end of 1 year, the investments earned, $184.00 interest. How much was invested at each rate?

  33. simple interest

    Jimmy invests 15,000 coins in a bank and earns simple interest. After 2 years he withdraws all his money from the bank .If the amount that he receives is 17,000 coins ,calculate. (a)the interest received (b)the rate at which bank pays interest.

  34. pre algebra yall

    p.s.hey peaches i need some help with these here problems for my sister i need to help her get a check her answers so if someone could give me a quick answer key that would be grate with some explanations Ian borrows $3580 at 31% simple interest per year.

  35. mat h

    ms. buxx invested a total of $2000 in two savings accounts. The first account pays 3% interest per year and the second account pays 5% interest per yera. If the interest from both accounts totals $84 per yera, how much is invested in each account?

  36. Algebra

    Jon invested a total of $40,000 in 3 different bank accounts. One pays an annual interest rate of 3%, the second account pays 5% annual interest and the third account pays 6% annual interest. In one year, Jon earned a total of $1960 in interest from these

  37. maths --plse help me..

    A man has Rs 50,000.He invests some part of it in one bank @ of 11 p.c.p.a. and the remaining money in another bank @ of 9 p.c.p.a.He gets a combined simple interest of Rs 5,400(i.e the S.I of one bank + S.I of another bank = 5,400).Then find the amount of

  38. Algebra

    Helen invested $14,000 in an account that pays 3% simple interest. How much additional money must be invested in an account that pays 6% simple interest so that the average return on the two investments amounts to 4% ?

  39. math

    A bank charge 7.5% simple interest per year.Susie takes out a loan from this bank for 3 years.she pays a total of 1867.50 interest per year,how much she borrowed?

  40. Math

    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 earns 5​% simple interest.

  41. math algebra

    Terry Edwards invested $3000 for two years, part at 3.5% simple interest and the rest at 2.5% simple interest. After two years she earned a total interest of $190. How much was invested at each rate?

  42. algebra

    Jessica earned a total of $370 in simple interest from two separate accounts. In an account earning 4% interest, Jessica invested $1,600 more than four times the amount she invested in an account earning 1%. How much did she​ invest in each account?

  43. Social Studies

    I was wondering if I could check my answers with someone. I'm a bit confused with interest. I put stars next to the answers I chose. Thank you. An interest rate is a special type of (1 point) loan. **price. bank. service. 2. How does a compound interest

  44. Math

    A woman has money in two accounts. One account pays 7% annual interest, whereas the other pays 15% annual interest. If she has $1,500 more invested at 15% than she does at 7% and her total interest for a year is $1,545, how much does she have in each

  45. simple interest

    A total of $12,000 is invested into two simple interest accounts. On one account the annual simple interest rate is 12%, while on the second account the annual interest rate is 18%. How much should be invested at 12% so that the interest earned is the

  46. Math Algebra1A

    A total of $12,000 is invested in two funds paying 9% and 11% simple interest. If the yearly interest is $1,180, how much of the $12,000 is invested at each rate? There seems to be a decimal in this problem if so how do I get rid of it verifying x,y?

  47. math

    Mr. Ismail invested sh. 36,000 in the bank which gives an interest of 20% per year. After how long will he get sh. 43,200? #please people help me this question how to arrive to final answer. Also i need to know if sh. 43,200 is either the total amount of

  48. Math

    A lends altogether Rs 6000 to B and C for two years.B pays Simple Interest @ 10%p.a. and C pays Compound Interest @8 %.If C pays Rs 50 more than B as the interest , how much did A lend to each of them?

  49. Math

    On 12 february 2009,sally invested $2000 in a bank and received an amount or $2040 on 23 june 2009.calculate the simple interest rate offered by the bank

  50. pre-algebra

    wyatt invests $6000 in two accounts, the first pays 10 percent simple interest, the second pays 11 percent simple interest. At the end of the year he has earned $640 in interest. How much is invested at each rate?

  51. math

    Ronelio invests $29,000 in two one-year certificates of deposit. One certificate pays 4%, and the other pays 4.75% simple interest annually. (a) Construct a model for the total interest I(x) Ronelio earns in one year on his investments. (Let x represent

  52. finance

    Raffles Bank pays 4% simple interest on its deposit account, whereas Bugis Bank pays interest on its deposit account compounded monthly. Formulate the quoted and effective interest rates that Bugis Bank should set if it wants to match Raffles Bank,

  53. investment question

    scott and laura have both invested some money. Scott invested $3,000 more then laura and at a 2% higher interest rate. If scott received $800 annual interest and laura received $400, how much did scott invest?

  54. college algebra

    Scott and Laura have both invested some money. Scott invested $2500 more than Laura and at a 3% higher interest rate. If Scott received $900 annual interest and Laura received $450, how much did Scott invest?

  55. Math

    melissa invested a some of money at 3% annual simple inter she invested 3 times that some at 5 % annual simple interest if her total yearly interest from both investments was 7200 how much was invested at 3% ?

  56. Math

    - Anurag is buying a house for $100,000 and needs a mortgage loan. Bank A wants him to repay the loan in 240 months with monthly payment of $600.72. Bank B wants him to repay the loan in 360 months with a monthly payment of 389.94. Which bank should he

  57. Algebra

    I invested $42,000 in three funds paying 5%, 7%, and 9% simple interest. The total annual interest from these investments was $2,600. The amount of money invested at 5% was $200 less than the amount invested at 7% and 9% combined. How much was invested in

  58. algebra

    12000 was invested in 2 accounts, one earning 12% simple interest and the other earning 8% simple interest. if the total interest at the end of 1yr was $1240, how much was invested in each account?

  59. math

    $75000is to be diposited in Banks A and B.The simple interest rate per annum for bank A is 8% while that for bank B is 8.5%.After two years their interests are equal.How much money diposited in each bank.

  60. math investment problem

    If $4,400.00 is invested at 5% simple interest, how much needs to be invested at 9% simple interest so the total interest per year is $697.00.

  61. math

    math problem-Car payments are determined using simple interest. To finance your vehicle purchase you have two choices. Write two equations, one for each bank, that models the banks' loan options using x for the price of the vehicle and y to represent the

  62. Math Help!!!!!

    4) Jim has been offered a substantial cash discount if he pays an invoice 60 days earlier. One bank will loan him the needed money at 11% simple interest rate. A second bank will also loan him the money, but at bank discount rate. What is the maximum

  63. business finance

    If i invested 10,000.00 in a bank CD that pays a 6% annual interest. How much will the CD be worth at the end of five years

  64. math

    Two investments earn a total annual income of $2825. One investment is in a 6.75% annual simple interest certificate of deposit. The other is in a 7.25% tax free annual simple interest account. The total amount invested is 40,000. Find the amount in

  65. math

    if $9,000 is to be invested, part at 13% and the rest at 8% simple interest , how much should be invested at each rate so that the total annual return will be the same as $9,000 invested at 9% set up as a system of linear equation

  66. math

    how much money would have to be invested in an account at 3.98% annual interset to achieve a balance of 25,000 in 17 years if a. The account pays simple interest b. the account compound interest qrtly c. the account compounds interest continuously

  67. math 101

    Maria has a total of $12,000 invested in two funds. The first fund pays simple interest at 6% per year and the other pays simple interest at 7% per year. If the funds earn a combined $817 in interest in one year, how much does she have invested in each

  68. math

    jack invested $4000 in two accounts. one pays simple interest at the rate of 5% and the other pays simple interest at the rate of 6%. if jack earned a total of $224 in interest in the first year, how much did he invest in each account?

  69. finance

    Bank A pays 5% simple interest on its deposit account, whereas Bank B pays interest on its deposit account compounded monthly. Formulate the quoted and effective interest rates that Bank B should set if it wants to match Bank A, assuming a 6-years horizon

  70. Problem Solving

    Johnny has two bank accounts. One pays 7% interest and the other pays 10% interest. A total of $25,000 invested in the two accounts. Last year he earned $2,200 in interest on two accounts. How much money does he have in each account? define variables and

  71. Math

    Paula invested into two accounts; one pays 5% simple interest and the other 6% simple interest. She invested $3000 more in the account paying 6% than in the other account 5%. At the the end of the first year, Paula total return was 730. How much did she

  72. pre calc

    Formulate a system of equations for the situation below and solve. Michael Perez deposited a total of $3000 with two savings institutions. Bank A pays interest at the rate of 6%/year, whereas Bank B pays interest at the rate of 7%/year. If Michael earned a

  73. math

    gail borrowed $3600 from a bank to buy a washing machine she pays back the loan in 24 monthly instalments at a simple interest rate of 2% a)calculate the simple interest on the loan b)the total amount to be repaid c)if gail repays the loan in 24 equal

  74. algebra

    Larry Mitchel invested part of his $32,000 advance at 7% annual simple interest and the rest at 6% annual simple interest. If this total yearly interest from both accounts was $2,050, find the amount invested at each. The amount invested at 7% is.... The

  75. Math

    Larry Mitchell invested part of his $27,000 advance at 5% annual simple interest and the rest at 2% annual simple interest. If his total yearly interest from both accounts was $720​, find the amount invested at each rate

  76. algebra

    A total of $80,000 is invested in two funds paying 2.3% and 3.1% simple interest . The total annual interest is $2000. How much is invested in each fund?

  77. Social Studies

    An interest rate is a special type of (1 point) loan. **price. bank. service. 2. How does a compound interest rate differ from a simple interest rate? (1 point) ***Compound interest rates pay more interest over time. Compound interest rates are calculated

  78. Math

    A person plans to invest a total of $9000 in an account that pays 3% annual interest and another account which pays 8% annual interest. How much should be invested in each account so that the total interest for one year will be $580.

  79. math models

    Martin invested $6,500 in a bank at a simple interest rate of 6.5%. How much interest would he receive after 4 years? Use I=PRT

  80. math pre algebra

    5 questions Question 1. A sum of $750 is divided between John, Mary, and Sheldon in the ratio 3:5:7 (a)How much did John get? (b) How much more did Mary get than Sheldon? Question 2. If 7 ounces of a medicine must be mixed with 12 ounces of water, how many

  81. pre algebra

    Can someone help me i need the answer quick Ian borrows $3580 at 31% simple interest per year. When Ian pays the loan back 7 years later, how much interest does Ian pay? Craig borrows $1000 at 9% simple interest per year. When Craig pays the loan back 11

  82. precal

    Suppose Joan has $5,000 to invest. The banks are offering 3.10% interest. Bank A compounds interest continuously, while Bank B compounds interest semiannually. Use the Rule of 72 to estimate how much time it would take to double Joan's investment in Bank

  83. Word problem

    suppose you deposit $350 in a bank account that pays 6% annual simple interest. Find the interest earned in 4 months and in 1 year. 350 x 0.06 = interest in 1 yr. 4/12 of that is the interest in 4 months.

  84. Math

    Deborah deposits $200 into an account that pays simple interest at the rate of 7%. How much will she have at the end of 4 months? a) Present Value with simple interest b) Future Value with simple interest c) Future Value with compound interest d) Simple

  85. Algebra

    The Smiths invested $14,000, part at 3% simple interest and the rest at 4% simple interest for a period of one year. if the total interest earned was $460, how much was invested at each rate?

  86. algebra

    Mr. Wilson invested money in two accounts. His total investment was $30,000. If one account pays 7% in interest and the other pays 4% in interest, how much does he have in each account if he earned a total of $1,440 in interest in 1 year?

  87. math

    An investment of $3,000 is made at an annual simple interest of 5%. How much additional money must be invested at an annual simple interest rate of 8%, so that the total annual interest earned is 7.5 of the original amount that you invested? My answer:

  88. Math

    An investment advisor invested a total of $12,000, part at 2.5% annual simple interest and part at 4% annual simple interest. The amount of interest earned for 1 year was $426. How much was invested at the 2.5% rate and how much was invested at the 4%

  89. Math

    An investment of $3,000 is made at an annual simple interest of 5%. How much additional monery must be invested at an annual simple interest rate of 8% so that the total annual interest earned is 7.5 of te original amount that you invested?

  90. Math- Linear Equations

    Just need some help setting this problem up... A total of &5000 is invested in two accounts. One pays 5% annual interest and the other 7%. If the interest at the end of the first year is $325, how much was invested in each account? Thanks so much!

  91. Last math problem help

    Mr. Jarvis invested a total of 10,437 in two savings accounts. One account earns 8% simple interest per year and the other earns 9% simple interest per year. Last year the two investments earned a total of $849.52 in interest. Write a syste of equations to

  92. Algebra

    Jody invested $4800 less in an account paying 5% simple interest than she did in an account paying 2% simple interest. At the end of the first year, the total interest from both accounts was $551. Find the amount invested in each account

  93. Finance

    Joe and Sue invested $1500 at Bank America in 2000, at 4% compounded quarterly. In the year 2005 they moved to another city and took the total money from their first investment added $500 and invested it at Bank Bravo, at 5% compounded quarterly. a. What

  94. word problem

    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. ooopsss, I misread the problem.

  95. Math

    Two investments are made totaling $4800. In the first year they yield a total of $412 in simple interest. Part of the money is invested at 8% and the rest at 9%. Find the amount invested at each interest rate.

  96. MATH!!

    Joe and Susan invested $1500 at Bank of America in 2000, at 4% compounded quarterly. In the year 2005 they moved to another city and took the total money from their investment added $500 and invested in at Bank Bravo, at 5% compounded quarterly. a) What is

  97. precal -checking answers

    Suppose Joan has $5,000 to invest. The banks are offering 3.10% interest. Bank A compounds interest continuously, while Bank B compounds interest semiannually. Answer these questions regarding which bank Joan should invest her money in, to accrue the

  98. ALGEBRA PLEAS HELP ASAP

    i need the answers to all these questions asap my sister is waiting for me to have the answers and i really don't want to tell her i don't know so please give me the answers please ian borrows $3580 at 31% simple interest per year. When Ian pays the loan

  99. Mathematics

    louis borrowed $500 from his bank his bank will charge louis 8% simple interest per year to loan him the money if he paid back the total amount he owed the bank including interest in 6 months how much should he have paid

  100. Math

    Larry has an annual return of $213.00 from $3000.00 invested at simple interest. One at 5% and the other at 8%. How much is invested at each rate. (Hint, Interest earned = amount invested x rate of interest.)

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