Solved: If the student hopes to earn 3000 a year in interest how, Mathematics

+44 141 628 6080
[email protected]

If the student hopes to earn 3000 a year in interest how

A student inherits $100,000 and decides to invest half. The student has two investments to choose from; the first is a low risk investment that pays an average of 4% simple interest annually, the second has much more risk but averages 9% simple interest per year. If the student hopes to earn $3,000 a year in interest, how much should be deposited in each investment?

Solution Preview :

Prepared by a verified Expert

Mathematics: If the student hopes to earn 3000 a year in interest how

Reference No:- TGS01381758

Now Priced at $10 (50% Discount)

Recommended (96%)

Rated (4.8/5)

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Recent Questions Asked Mathematics

Q : Identify risks that are inherent to many small businesses

risk management analysis project spring 2016this assignment consists of an analysis of a company that you select and a

Q : The purpose of this paper is to present two examples based

for this case study please read the article below concerning vendor-managed inventory vmi and the bull whip effect bwe

Q : How many grams of pure copper and how many grams of british

1 a student inherits 100000and decides to invest halfthe student has two investments to choose from the first is a low

Q : What is the difference between the component pressure and

what is the difference between the component pressure and the partial pressure when are these two

Q : If the student hopes to earn 3000 a year in interest how

a student inherits 100000 and decides to invest half the student has two investments to choose from the first is a low

Q : After a boulder is pushed down a hill its speed st at time

after a boulder is pushed down a hill its speed st at time tt is given by the formula stvat where v is the initial

Q : Acct19060 t1 2016 the company calculates the fixed costs

nbspassignment question-xepa ltd makes and sells two types standard and exchangeable of sunglasses for the fourthnbsp

Q : Determine the mole fractions of a gas mixture that consists

determine the mole fractions of a gas mixture that consists of 75 percent ch4 and 25 percent co2 by mass also determine

Q : Rewrite the following logarithmic expressions as a single

rewrite the following logarithmic expressions as a single logarithmic term with a base of 4 list any restrictions that

1937126

Questions
Asked

3,689

Active Tutors

1460927

Questions
Answered

Start Excelling in your courses, Ask a tutor for help and get answers for your problems !!

ask Question

Asked Questions

Symbolic interactionism took off as a theoretical approach

Question: Symbolic interactionism took off as a theoretical approach to the study of deviance during the 1960s

Review the real-life cat and mouse chase

Real-Life Cat and Mouse Chase: Understanding the Perceptions and Attitudes of Street Vendors of Metro Manila towards MMDA Regulation No. 03-004

How sociological models help understand mental illness

Based on the chapter by Allen Furr on the sociology of mental illness, How do sociological models help you understand mental illness differently

Discussion about cultural appropriation

This week watch the 3 short video clips below about cultural appropriation. These videos will redefine terms like cultural appropriation

Cases of local communities using modern technology

Question: Cases of local communities using modern technology to preserve and revive their traditions:

Which is a criticism of marxist/conflict theories

Question: Which of the following is a criticism of Marxist/conflict theories? Group of answer choices

Discuss statements about sociological approaches

Question: Which of the following statements about sociological approaches are true?