SOLUTION: The total annual interest from two bank accounts is $481. One account earns 5.9% annual interest and the other earns 6.75%. If the two accounts have a total of $7600 in them, how m
Algebra.Com
Question 398544: The total annual interest from two bank accounts is $481. One account earns 5.9% annual interest and the other earns 6.75%. If the two accounts have a total of $7600 in them, how much is in each account?
Answer by checkley79(3341) (Show Source): You can put this solution on YOUR website!
.0675x+.059(7,600-x)=481
.0675x+448.4-.059x=481
.0085x=481-448.4
.0085x=32.6
x=32.6/.0085
x=3,835.29 amount invested @ 6.75%
7,600-3,835.29=3,764.71 amount invested @ 5.9%
Proof:
.0675*3,835.29+.059*3,764.71=491
258.88+222.12=481
481=481
RELATED QUESTIONS
the total annual interest from bank accounts is $495. One account earns 6% annual... (answered by jorel555)
Jane saved $3200 in two separate accounts. One account earns 4% annual interest and the... (answered by TimothyLamb)
22. A trust administrator divided $20,000 between two accounts. One account earns an... (answered by checkley75)
A total of $18,000 is deposited into two simple interest accounts. One account earns 10%... (answered by ikleyn)
Hello, I am having trouble understanding and solving this problem:
Mrs. Mitchell put a (answered by josgarithmetic)
a total of $20,000 is invested in two simple interest accounts. One account earns 8%... (answered by solver91311)
An investment club wants to invest $17,000 in two simple interest accounts. One account... (answered by scianci)
An investment club wants to invest $17,000 in two simple interest accounts. One account... (answered by checkley75)
An investment club wants to invest $50,000 in two simple interest accounts. One account... (answered by scianci,ankor@dixie-net.com)