SOLUTION:
a man invested a total of $1200 onto two accounts, one paying a 4% dividend, the other paying a 6% dividend. The total interest earned was $57. How much was invested into each
Algebra.Com
Question 727658:
a man invested a total of $1200 onto two accounts, one paying a 4% dividend, the other paying a 6% dividend. The total interest earned was $57. How much was invested into each account
Answer by checkley79(3341) (Show Source): You can put this solution on YOUR website!
.06X+.04(1,200-X)=57
.06X+48-.04X=57
.02X=57-48
.02X=9
X=9/.02
X=$450 AMOUNT INVESTED @ 6%.
1,200-450=750 AMOUNT INVESTED @ 4%.
PROOF:
.06*450+.04*750=57
27+30=57
57=57
RELATED QUESTIONS
A woman had two investments, one paying a 6% dividend. The other is $680 more than half... (answered by ikleyn)
A woman had two investments,one paying a 6% dividend. The other is $680 more than half... (answered by shree840)
Jessica has half of her investments in stock paying a 6% dividend and the other half in a (answered by alanc)
Kevin has half of his investments in stock paying a 6% dividend and the other half in a... (answered by richwmiller)
Jessica has half of her investments in stock paying a 6% dividend and the other half in a (answered by ikleyn)
Kevin has half of his investments in stock paying a 6% dividend and the other half in a... (answered by mananth)
Jessica has half of her investments in stock paying a 5% dividend and the other half in... (answered by greenestamps)
Jessica has half of her investments in stock paying a
7%
dividend and the other half in (answered by richwmiller,lwsshak3)
Kevin has half of his investments in stock paying a 9% dividend and the other half in a... (answered by Boreal)