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

Determine how many solutions exist for the system of equations. Y=2x-9 Y=-x+6
Who sailed the Golden Hind seeking trade and settlement opportunities? A. Francis Drake B. Sir Walter Raleigh C. Edmund Spenser D. William Shakespeare
Which proposal was not part of President Johnson's efforts to end poverty in the United States? A. Project Head Start B. Volunteers in Service to America C. Foo
need help with both questions!
The act of formally approving something is known as
In the figure above, CDE is an equilateral triangle and abce is a square...
a local business was looking to hire a landscaper to work on their property. they narrowed the choices to two companies. flourish landscaping company charges a
Nitrogen is important to life because it is part of _____. DNA, amino acids, and proteins plant photosynthesis the air we breathe lightning storms
Which of the following writings heavily influenced humanist thinkers and writers like Petrarch? Islamic Frank Classical Byzantine
need help with both questions!