subject
Mathematics, 02.10.2020 18:01 madi2878

The annual interest on a $12,000 investment exceeds the interest earned on a $1000 investment by $885. The 12,000is invested at a .05% higher rate interest than the $1000. What is the interest rate of each investment?

ansver
Answers: 1

Another question on Mathematics

question
Mathematics, 21.06.2019 16:00
12. the amount of money in a bank account decreased by 21.5% over the last year. if the amount of money at the beginning of the year is represented by ‘n', write 3 equivalent expressions to represent the amount of money in the bank account after the decrease?
Answers: 2
question
Mathematics, 21.06.2019 18:30
The final cost of a sale is determined by multiplying the price on the tag by 75%. which best describes the function that represents the situation?
Answers: 1
question
Mathematics, 21.06.2019 19:10
If $740 is invested at an interest rate of 11% per year and is compounded continuously, how much will the investment be worth in 7 years? use the continuous compound interest formula a = pert.
Answers: 1
question
Mathematics, 21.06.2019 21:00
Which of the functions graphed below has a removable discontinuity?
Answers: 2
You know the right answer?
The annual interest on a $12,000 investment exceeds the interest earned on a $1000 investment by $88...
Questions
question
Computers and Technology, 19.07.2019 17:00
Questions on the website: 13722367