SOLUTION: an ivestment of $4400 is made into a 10.5% annual simple interest account. How much money is deposited into a 8% annual simple interest account if the total annual interest earned
Algebra.Com
Question 60647: an ivestment of $4400 is made into a 10.5% annual simple interest account. How much money is deposited into a 8% annual simple interest account if the total annual interest earned on both accounts is 9% of the total investment.
Answer by josmiceli(19441) (Show Source): You can put this solution on YOUR website!
$3,000 must be invested at 8%
RELATED QUESTIONS
An Investment of $4400.00 is made into a 10.5% annual simple interest account. How much... (answered by checkley77)
An investment consultant has deposited $5000 of a clients money into a 10% simple interes (answered by stanbon)
A deposit of $4000 is made into an account that earns 11% annual simple interest. How... (answered by ankor@dixie-net.com)
an investment of $20,000 is made in a 10.5% simple interest account. How much additional... (answered by wuwei96815)
investments: An investor has a total of 25,000 deposited into three diffrent accounts,... (answered by josmiceli,padmameesala)
A total of P600 000 is deposited into two simple interest accounts. On one account the... (answered by jojo14344)
A total of $9500 is deposited into two simple interest accounts. On one account the... (answered by stanbon)
A total of $18,000 is deposited into two simple interest accounts. One account earns 10%... (answered by ikleyn)
Jan Moser made a deposit into a 5% annual simple interest account. She made another... (answered by addingup)