Concept explainers
The amount invested at each rate.
Answer to Problem 17CT
The amount invested at 5% = $2400
The amount invested at 7% = $3600.
Explanation of Solution
Given:
Total money invested = $6000
Rate of interests = 5% and 7%.
Annual interest income = $372.
Calculation:
Let the amount invested at 5% = x
The amount invested at 7% = 6000-x
Therefore,
Hence, the amount invested at 5% = $2400
The amount invested at 7% = $3600.
Chapter 1 Solutions
Algebra and Trigonometry: Structure and Method, Book 2
Additional Math Textbook Solutions
A Graphical Approach to College Algebra (6th Edition)
College Algebra with Modeling & Visualization (6th Edition)
College Algebra (10th Edition)
Intermediate Algebra for College Students (7th Edition)
Linear Algebra with Applications (9th Edition) (Featured Titles for Linear Algebra (Introductory))
College Algebra in Context with Applications for the Managerial, Life, and Social Sciences (5th Edition)
- Algebra and Trigonometry (6th Edition)AlgebraISBN:9780134463216Author:Robert F. BlitzerPublisher:PEARSONContemporary Abstract AlgebraAlgebraISBN:9781305657960Author:Joseph GallianPublisher:Cengage LearningLinear Algebra: A Modern IntroductionAlgebraISBN:9781285463247Author:David PoolePublisher:Cengage Learning
- Algebra And Trigonometry (11th Edition)AlgebraISBN:9780135163078Author:Michael SullivanPublisher:PEARSONIntroduction to Linear Algebra, Fifth EditionAlgebraISBN:9780980232776Author:Gilbert StrangPublisher:Wellesley-Cambridge PressCollege Algebra (Collegiate Math)AlgebraISBN:9780077836344Author:Julie Miller, Donna GerkenPublisher:McGraw-Hill Education