$3,000 is invested in an account paying 4% interest and twice that amount is invested at 6%.

Which of the following expressions represents the amount of interest earned on the money invested at 6%?

0.06(3,000)
0.06(6,000)
2(3,000)

Question

$3,000 is invested in an account paying 4% interest and twice that amount is invested at 6%.

Which of the following expressions represents the amount of interest earned on the money invested at 6%?


0.06(3,000)
0.06(6,000)
2(3,000)

ganeshie8 · Answer

3000 is invested in an account,
twice the amount wud be 6000
so, 6000 is invested at 6%

ganeshie8 · Answer

Interest earned on 6000 = ?

anonymous · Answer

0.06?

ganeshie8 · Answer

Yes, theats the factor u need to multiply with amount

Interest earned on 6000 at 6% = 0.06(6000)

anonymous · Answer

okay

anonymous · Answer

If a man earns $420 interest in one year at 7%, what was the amount of money invested?

anonymous · Answer

Pretty sure $6000.
420 is 70% of $600 and that means that 1% is 60 dollars.
So $600 times 10 is 6000.

anonymous · Answer

right?

ganeshie8 · Answer

brilliant !! thats very good logic !!!

ganeshie8 · Answer

420 = 70%
420/70 = 1%
60 = 1%
6000 = 100%

anonymous · Answer

better said

ganeshie8 · Answer

:)