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split interest

  1. math_celebrity

    Last year, Eric had $20,000 to invest. He invested some of it in an account that paid 10% simple int

    Last year, Eric had $20,000 to invest. He invested some of it in an account that paid 10% simple interest per year, and he invested the rest in an account that paid 7% simple interest per year. After one year, he received a total of $1880 in interest. How much did he invest in each account...
  2. math_celebrity

    An executive invests $29,000, some at 8% and the rest at 6% annual interest. If he receives an annua

    An executive invests $29,000, some at 8% and the rest at 6% annual interest. If he receives an annual return of $2,020, how much is invested at each rate? Using our split fund calculator, we get: Fund 1: $14,000 Fund 2: $15,000
  3. math_celebrity

    An executive invests $21,000, some at 8% and the rest at 7% annual interest. If he receives an annua

    An executive invests $21,000, some at 8% and the rest at 7% annual interest. If he receives an annual return of $1,600, how much is invested at each rate? Using our split fund calculator, we get: Fund 1 = 13,000 Fund 2 = 8,000
  4. math_celebrity

    Last year, Manuel had $10,000 to invest. He invested some of it in an account that paid 7% simple in

    Last year, Manuel had $10,000 to invest. He invested some of it in an account that paid 7% simple interest per year, and he invested the rest in an account that paid 10% simple interest per year. After one year, he received a total of $730 in interest. How much did he invest in each account...
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