SOLUTION: A man invests his savings in two accounts, one paying 6% and the other paying 10% simple interest per year. He puts twice as much in the lower-yielding account because it is less r
Algebra.Com
Question 1101517: A man invests his savings in two accounts, one paying 6% and the other paying 10% simple interest per year. He puts twice as much in the lower-yielding account because it is less risky. His annual interest is $3,300. How much did he invest at each rate?
Answer by josgarithmetic(39617) (Show Source): You can put this solution on YOUR website!
2x quantity in the low interest account
x quantity in the higher interest account
-
.
.
RELATED QUESTIONS
A man invests his savings in two accounts, one paying 6 percent and the other paying 10... (answered by mananth)
A man invests his savings in two accounts, one paying 6 percent and the other paying 10... (answered by robertb)
A man invests his savings in two accounts, one paying 6% and the other paying 10% simple... (answered by math-vortex)
A man invests his savings in two accounts, one paying 6 percent and the other paying 10... (answered by mananth,MathTherapy)
A man invests his savings in two accounts, one paying 6 percent and the other paying 10... (answered by mananth)
A man invests his savings in two accounts, one paying 6 percent and the other paying 10... (answered by lwsshak3)
A man invests his savings in two accounts, one paying 6% interest per year and the other... (answered by ptfile)
The admission fee at an amusement park is 1.5 dollars for children and 4 dollars for... (answered by baseball35)
Jolene invests her savings in two bank accounts, one paying 6 percent and the other... (answered by Boreal)