PrincesaL453766 PrincesaL453766
  • 03-11-2022
  • Mathematics
contestada

You invested $9000 between two accounts paying 4% and 7% annual interest. If the total interest earned for the year was $510, how much was invested at each rate?

Respuesta :

ReesG277527 ReesG277527
  • 03-11-2022

Let x represent the amount invested at 7%.

Then 9000-x is the amount invested at 4%

total interest earned is:

0.07x + 0.04(9000-x) = 510

0.07x + 360 - 0.04x = 510

0.03x = 150

x = 5000 the amount invested at 7%

9000 - 5000 = 4000 the amount invested at 4%

Answer Link

Otras preguntas

What pressure in units of torr is equal to 1.14 atm of pressure?
Explain why fat loss during minimum food intake (fasting, starvation or extreme dieting) may be less than when at least some food is supplied.
What is the missing expression? x^8 + 3x^5 =^5(_____)
What is the most significant intermolecular force acting on the vinegar molecules? Explain your answer. (2 points) ii. Draw a diagram of the intermolecular forc
E.J. has shown that a function,f(x), hrows by 12% for every unit in the domain.what does this prove
Why must facts be as carefully evaluated for validity just as opinions are?
Factor the polynomial 2x^3+4x^2+8x
Question: Which best describes Antarctica? Answers: A.It has a population of about t
Some viruses cause infected cells to _____, or rupture, as when hiv infects and reproduces within t cells.
Monitor screens are made up of millions of tiny dots known as