SOLUTION: Harry deposits $3600 in an account that pays 8% simple interest, and $4500 in a second account which has a higher interest rate but is more risky. What interest rate must he get on

Question 1089785: Harry deposits $3600 in an account that pays 8% simple interest, and $4500 in a second account which has a higher interest rate but is more risky. What interest rate must he get on the second account in order to earn at least $700 in interest for one year?
Write your answer as a percent, round your answer to two decimal places.
Let '<=' represent < and '>=' represent > in the drop down box below:
Found 2 solutions by addingup, MathTherapy:
Answer by addingup(3677) (Show Source): You can put this solution on YOUR website!
(3600*0.08) + (4500*x) => 700
288 + (4500*x) => 700
4500*x => 700
x => 0.15 = 15%
Answer by MathTherapy(10551) (Show Source): You can put this solution on YOUR website!

Harry deposits $3600 in an account that pays 8% simple interest, and $4500 in a second account which has a higher interest rate but is more risky. What interest rate must he get on the second account in order to earn at least $700 in interest for one year?
Write your answer as a percent, round your answer to two decimal places.
Let '<=' represent < and '>=' represent > in the drop down box below:

Correct answer:
Accept no other answer!
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