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OpenStudy (erib):
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OpenStudy (erib):
Applying the interest allowance method, compute Julie’s and Jennifer’s share of net income if Julie invested $40,000 and Jennifer invested $24,000 at an 8% interest rate, with the remainder to be divided equally. Net income was $10,000. A. Julie $3,200; Jennifer $1,920 B. Julie $6,250; Jennifer $3,750 C. Julie $5,640; Jennifer $4,360 D. None of the above
OpenStudy (mervatm):
Start by eliminating the choices that are not true.
OpenStudy (erib):
which is?
OpenStudy (erib):
@SapphireMoon
OpenStudy (sapphiremoon):
I'm not quite sure I understand the question, @erib, sorry. Is this money in the same account? I don't know what the interest allowance method is either...
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