anonymous
  • anonymous
I have $6250 and open a checking and a CD. The bank pays 2.6% interest on CD and 0.05% ineterest on checking. At end of year I earn $127.50 how much was made on each account
Mathematics
katieb
  • katieb
See more answers at brainly.com
At vero eos et accusamus et iusto odio dignissimos ducimus qui blanditiis praesentium voluptatum deleniti atque corrupti quos dolores et quas molestias excepturi sint occaecati cupiditate non provident, similique sunt in culpa qui officia deserunt mollitia animi, id est laborum et dolorum fuga. Et harum quidem rerum facilis est et expedita distinctio. Nam libero tempore, cum soluta nobis est eligendi optio cumque nihil impedit quo minus id quod maxime placeat facere possimus, omnis voluptas assumenda est, omnis dolor repellendus. Itaque earum rerum hic tenetur a sapiente delectus, ut aut reiciendis voluptatibus maiores alias consequatur aut perferendis doloribus asperiores repellat.

Get this expert

answer on brainly

SEE EXPERT ANSWER

Get your free account and access expert answers to this
and thousands of other questions

amistre64
  • amistre64
c = 6250-s c(.026) + s(.0005) = 127.50 (6250-s)(.026) + s(.0005) = 127.50 162.50 - .026s + .0005s = 127.50 162.50 - 127.50 = .026s -.0005s 35 = 0.0255s 35 / .0255 = s initial investment in savings = 1372.55 initial investment on CD = 4877.45 CD = 4877.45(.026) = 126.8137 savings = 1372.55(.0005) = 0.686275 together they equal: 127.499975
amistre64
  • amistre64
almost lost all that valueable work to a frozen screen.... but I is smart :)

Looking for something else?

Not the answer you are looking for? Search for more explanations.