3 Answered Questions for the topic Interest Problem

12/01/19

Samantha invests a total of $28,500 in two accounts. The first account earned a rate of return of 11% (after a year). However, the second account suffered a 10% loss in the same time period.

Samantha invests a total of $28,500 in two accounts. The first account earned a rate of return of 11% (after a year). However, the second account suffered a 10% loss in the same time period. At the... more
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Interest Problem

02/12/19

Interest problem

Jane invested $20,000 in two accounts. She took a 4% loss on one account and made a 12% profit on the other. She ended up breaking even. I keep getting a negative number. Thanks for your help!
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Interest Problem

11/26/16

Word problem
in the year 2016, jake has $6,200 in his savings account that earns 4.3% compounded quarterly. if jake opened THE account in 2010 what is the principal? suppose jake opens a second savings account... more
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