Melanie
Melanie invests a total of $21,500 in two accounts. The first account earned a rate of return of 15% (after a year). However, the second account suffered a 10% loss in the same time period. At the end of one year, the total amount of money gained was $225.00. How much was invested into each account?
Correct answer:
Tips for related online calculators
Do you have a linear equation or system of equations and looking for its solution? Or do you have a quadratic equation?
You need to know the following knowledge to solve this word math problem:
Units of physical quantities:
Grade of the word problem:
Related math problems and questions:
- Deposit
Oh I total of $15,000 deposited into simple interest accounts the annual simple interest rate on one account at 6% the annual simple interest rate on the second account at 7% how much should be invested in each account so that the total interest earned is - Mr. Brown
Mr. Brown invested 15,000 euros in the bank for an annual term deposit. After the first year, he gained 600 euros. What was the annual interest rate of his deposit? - Future value
Suppose you invested $1000 per quarter over a 15 years period. If money earns an annual rate of 6.5% compounded quarterly, how much would be available at the end of the time period? How much is the interest earned? - Annual pension
Calculate the amount of money generating an annual pension of EUR 1000, payable at the end of the year and for a period of 10 years, shall be inserted into the bank to account with an annual interest rate of 2% - Two accounts
A banker divided $5000 between 2 accounts, one paying 10% annual interest and the second paying 8% annual interest. Express the amount invested in the 10% account in the terms of the amount invested in the 8% account. - A man 2 A man divides $10,000 into two investments, one at 10% and 30%. Find how much is invested at each rate so that the two investments produce the same income annually.
- Beginning 34991
At the beginning of the year, the company has CZK 5,000,000 in its account. He has the money saved at a 16% interest rate. How much was the interest for the first year? How much was the interest for the second year? - Interest 71474
I will deposit CZK 1,500 into my savings account every month. After ten years, what will be in the account if the interest rate is 4%, the interest period is one month, and the interest tax is 15%? - Borrowed 42101 Zuza borrowed a certain amount from the bank, with the proviso that she would return 15,000 euros a year. The annual interest rate was set at 4.5%. How much did Zuza borrow?
- Retirement annuity How much will it cost to purchase a two-level retirement annuity that will pay $2000 at the end of every month for the first 10 years, and $3000 per month for the next 15 years? Assume that the payment represent a rate of return to the person receiving th
- Retirement saving
Deryl wishes to save money to provide for his retirement. Beginning one year from now, he will begin depositing the same fixed amount each year for the next 30 years into a retirement savings account. Starting one year after making his final deposit, he w - Savings
The depositor regularly wants to invest the same amount of money in the financial institution at the beginning of the year and wants to save 10,000 euros at the end of the tenth year. What amount should he deposit if the annual interest rate for the annua - Investment 2
Jack invested $5000 in a 5-month term deposit at 4.7% p. A. . At the end of the 5-months, jack reinvested the maturity value from the first deposit into an 11-month term deposit at 7.3% p. A. What is the maturity value at the end of the second term deposi - Principal and interest
Peter put € 270 principal into the bank, and at the end of the year, the account was € 282. To what annual interest rate had Peter deposited money in the bank? - Investment If an investor invests $2000 on January 1st every year guarantees him 4% per annum. if the interest is calculated on the 31st December how much will be the account on end of the 10th year?
- Entrepreneur 2691
The entrepreneur invested euros in the bank at the beginning of 2000 for a period of 9 months with an annual interest rate of 12%. How many euros will the bank credit him with the deposit after nine months? - Account operations My savings of php 90,000 in a bank earns 6% interest in a year. If i will deposit additional php 10,000 at the end of 6 months, how much money will be left if i withdraw php 25,000 after a year?
