Can anyone do this??? The annual interest on a 19000 investment exceeds the interest earned on a 18000 investment by 204. the 19000 is invested at a .6% higher rater than the 18000. What is the interest rate of each investment?
Stacey Warren - Expert brainly.com
Hey! We 've verified this expert answer for you, click below to unlock the details :)
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.
I got my questions answered at brainly.com in under 10 minutes. Go to brainly.com now for free help!
i messed this up somehow let me start again
ok. i'm quite confused
yeah you should be because i was being stupid. let me start over
Not the answer you are looking for? Search for more explanations.
put the rate of the 18000 investment at r
the rate of the 19000 investment is r+.006
we have to work with numbers, not percents
then you know that the return on 18000 is
\[18000\times r\] and the return on 19000 is
\[19000\times (r+.006)\] and you know that the second one is $204 more than the first, so
\[18000\times r +204=19000(r+.006)\] now we can solve for r