Remaining invest amount, physics homework help

User Generated

bzjnyvzhgrnpure

Science

Description

A man has $ 10,000 to invest. He invests $ 4000 at 5 % and $ 3500 at 4 %. In order to have a yearly income of $ 500, he must invest the remainder at:

Tags: 1 2
User generated content is uploaded by users for the purposes of learning and should be used following Studypool's honor code & terms of service.

Explanation & Answer

Kindly check the complete paper below.

Surname 1

Name:
Course:
Professor:
Date:
Income from $ 4000 at 5 % in one year = $ 4000 of 5 %.
= $ 4000 × 5/100.
= $ 4000 × 0.05.
= $ 200.
Income from $ 3500 ...


Anonymous
Really helped me to better understand my coursework. Super recommended.

Studypool
4.7
Trustpilot
4.5
Sitejabber
4.4

Related Tags