Question

asked 2021-06-25

An executive invests $22,000, some at 7% and some at 6% annual interest. If he receives an annual return of $1,420, how much is invested at each rate?

asked 2021-05-17

You want to invest money for your child's education in a certificate of deposit (CD). You want it to be worth \($12,000\) in 10 years. How much should you invest if the CD pays interest at a \(9\%\) annual rate compounded

a) Annually?

b) Continuously?

a) Annually?

b) Continuously?

asked 2021-05-30

A bank loaned out $11,000, part of it at the rate of 7% annual interest, and the rest at 9% annual interest. The total interest earned for both loans was $860.00. How much was loaned at each rate?
___ was loaned at 7% and
___ was loaned at 9%.

asked 2021-06-07

I have $10,000 to invest for my daughter's car. I earned $215.04 when splitting the money into a 3% interest account and a 1.2% interest account. How much did I invest at each?