An actor invests some money at 5% simple interest, and $21 comma 000 more than three times the amount at 6 %. the total annual interest earned from the investment was $29 comma 550. how much did he invest at each amount?

The total amount invested at 5% is $123,000

The total amount invested at 6% is $390,000

Explanation:

M = amount of money invested at 5%

3M + 21,000 = amount of money invested at 6%

0.05M + 0.06(3M + 21,000) = 29,550

0.05M + 0.18M + 1,260 = 29,550

0.23M = 28,290

M = 28,290 / 0.23 = 123,000

3M + 21,000 = 369,000 + 21,000 = 390,000

answer/// there is an inverse relationship between price and quantity demanded;

-the personal ownership of property

-the influence of consumer demand

explanation:

the command economy prohibits the personal ownership of property.

basically, command economy is defined as the system where a nation’s government is the one that makes all the decisions when it comes to its economy. the government is the one who controls the production of goods and services and regulates the prices and salaries.

therefore, since that the government is the authority, then all kinds of personal ownership of property is prohibited by them.