SOLUTION: Suppose a person put $3000 more in an an account that pays 5% annual interest than in an account that pays 4% annual interest. If the total interest earned from both accounts in a
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-> SOLUTION: Suppose a person put $3000 more in an an account that pays 5% annual interest than in an account that pays 4% annual interest. If the total interest earned from both accounts in a
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Question 955889: Suppose a person put $3000 more in an an account that pays 5% annual interest than in an account that pays 4% annual interest. If the total interest earned from both accounts in a year is $510. How much was invested in each account?
I don't know how to solve this, it is giving me a lot of trouble please help?? Answer by josmiceli(19441) (Show Source):
You can put this solution on YOUR website!
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Let = amount invested @ 4% = amount invested @ 5%
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(1)
(2)
(3)
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and
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$4,000 is invested @ 4%
$7,000 is invested @ 5%
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check:
(1)
(1)
(1)
and
(2)
(2)
(2)
and
(3)
(3)
(3)
OK
