SOLUTION: Please write equation for problem and solve
A friend deposits a total of $6,000 in two accounts, paying 3% interest and 4% interest respectively. If at the end of the first year
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A friend deposits a total of $6,000 in two accounts, paying 3% interest and 4% interest respectively. If at the end of the first year
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Question 380318: Please write equation for problem and solve
A friend deposits a total of $6,000 in two accounts, paying 3% interest and 4% interest respectively. If at the end of the first year the interest earned was $220, how much money was deposited in each account? Answer by mananth(16949) (Show Source):
You can put this solution on YOUR website! $x @ 3 %
6000-$x 4%
..
total interest= $220
...
0.03x+0.04(6000-x)=220
multiply by 100
3x+4(6000-x)=220*100
3x+24000-4x=22,000
-x=-2000
x=2000
...
$2000 @ 3 %
$4000@4%
...
m.ananth@hotmail.ca
