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 is 0.44, 3/8, 0.5, 2/5 in lease to greatest
Perrin uses 24 ounces of milk in a recipe. How many cups is 24 ounces?
define fantasy and dystopia
Which of the following is not a potential benefit of using more nuclear energy?
The pie store is having a 10% off sale on all of its pies. If the pie you want regularly costs $18, how much would you save with the discount?
How is the virus reproduced during the lysogenic cycle
how can two compounds with the same chemical composition have different densities?
Solve the equation for x. x2 = 100
If the sperm gamete that fertilizes an egg has a(n) _____ chromosome, it will form female offspring.
A high school basketball team has a budget specifically for towels and extra basketballs. A towel costs $4 and a basketball costs $22. Assume the budget is $350