SOLUTION: You invested a total of $15,000 at 3% and
4.5%
simple interest. During one year, the two accounts earned $600. How much did you invest in each account?
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-> SOLUTION: You invested a total of $15,000 at 3% and
4.5%
simple interest. During one year, the two accounts earned $600. How much did you invest in each account?
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Question 1067791: You invested a total of $15,000 at 3% and
4.5%
simple interest. During one year, the two accounts earned $600. How much did you invest in each account? Answer by josmiceli(19441) (Show Source):
You can put this solution on YOUR website! Let = amount invested @ 3% = amount invested @ 4.5%
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Use yr
(1)
------------------
(2)
and
(3)
By substitution:
and
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$5,000 = amount invested @ 3%
$10,000 = amount invested @ 4.5%
-----------------------------------
check:
(2)
(2)
(2)
and
(3)
(3)
(3)
and
(1)
(1)
(1)
OK
