SOLUTION: Last year, Trey deposited $2000 into an account that paid 2% interest per year and $3000 into an account that paid 6% interest per year. No withdrawals were made from the accounts.

Question 954708: Last year, Trey deposited $2000 into an account that paid 2% interest per year and $3000 into an account that paid 6% interest per year. No withdrawals were made from the accounts.
Answer the questions below. Do not do any rounding.

(a) What was the total interest earned at the end of 1 year?
$________________

(b) What was the percent interest for the total deposited?
__________%

Answer by macston(5194) (Show Source): You can put this solution on YOUR website!
(0.02)($2000)+(0.06)($3000)=$40+$180=$220
(a)ANSWER 1: Total interest earned was $220.
($220)/($5000)(100%)=4.4%
(b)ANSWER 2:The overall percent interest for the amount deposited was 4.4%.
RELATED QUESTIONS
Last year, Jane deposited $2000 into an account that paid 2% Interest per year and $3000... (answered by ewatrrr)

last year rita deposited $7000 into an account that paid 3% interest per year and $9000... (answered by macston)

I deposit $500. into an account that pays simple interest at a rate of 6% per year. How... (answered by reviewermath,colliefan)

Joe deposits 3000 into an account that pays simple interest at a rate of 6% per year.... (answered by stanbon)

Last year, Ivanna had $10,000 to invest. She invested some of it in an account that paid... (answered by josgarithmetic)

Last year, Dan had $10,000 to invest. He invested some of it in an account that paid 5%... (answered by josgarithmetic,greenestamps)

Chau deposits $2000 into an account that pays simple interest at a rate of 3% per year.... (answered by ikleyn)

Miguel deposits $2000 into an account that pays simple interest at a rate of 2% per... (answered by rfer)

Please only answer if you'll give final answer Last year, Bill had $20,000 to... (answered by Alan3354,josgarithmetic,greenestamps)