SOLUTION: From a worksheet:
A woman invests a total of $8550 in two accounts. One pays 8% in annual interest and the other pays 7.5% interest. If she made $666.63 in interest for the firs
Algebra.Com
Question 85554: From a worksheet:
A woman invests a total of $8550 in two accounts. One pays 8% in annual interest and the other pays 7.5% interest. If she made $666.63 in interest for the first year, how much is in each account?
Answer by checkley75(3666) (Show Source): You can put this solution on YOUR website!
.08X+.075(8550-X)=666.63
.08X+641.25-.075X=666.63
.005X=666.63-641.25
.005X=25.38
X=25.38/.005
X=5076 INVESTED @ 8%
8550-5076=3474 INVESTED @ 7.5%
PROOF
.08*5076+.075*3474=666.63
406.08+260.55=666.63
666.63=666.63
RELATED QUESTIONS
Mary Poppins invests a total of $13,500 in two savings accounts. One pays 2% annual... (answered by jojo14344)
Linda smaoke invests a total of $10,000 in two saving accounts. One account pays 7%... (answered by josgarithmetic,greenestamps)
If an investor invests a total of $25,000 into two bonds, one that pays 3% simple... (answered by Boreal)
A woman invests money in two funds that yield an annual total income of $86. One fund... (answered by lwsshak3)
if you invest a total of $42,000 in three different bank accounts. one account pays an... (answered by Boreal)
A woman invests a total of $20,000 in two accounts, one paying 3% and the other paying 7% (answered by ikleyn)
A man invests $12,000 in two accounts. One account pays 10% per year. The other account... (answered by mananth)
Suppose $5,000 is divided into two bank accounts. One account pays 5% simple interest per (answered by stanbon)
You split $2000 between two savings accounts. Account A pays 2% annual interest and... (answered by addingup)