SOLUTION: $5,000 is invested in two different accounts yielding 3% and 3.5% interest. The interest earned on the two accounts is $155.
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The answer has to be one of the fo
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Question 721120: $5,000 is invested in two different accounts yielding 3% and 3.5% interest. The interest earned on the two accounts is $155.
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The answer has to be one of the following but which?
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$1,000
$3,000
$4,000
Found 2 solutions by stanbon, Vladdroid:
Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
$5,000 is invested in two different accounts yielding 3% and 3.5% interest. The interest earned on the two accounts is $155.
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Equations:
x + y = 5000
3x + 3.5y = 15500
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30x + 30y = 150000
30x + 35y = 155000
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5y = 5000
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y = $1000.00 (amt invested at 3.5%
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x = $4000.00 (amt. invested at 3%
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Cheers,
Stan H.
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The answer has to be one of the following but which?
-----------------
$1,000
$3,000
$4,000
Answer by Vladdroid(91) (Show Source): You can put this solution on YOUR website!
The answer is $4000.00.
Thank you
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