SOLUTION: Myra Smart invests in two companies. The ivestments yields 5% and 8% interest respectively and she earns $510 annually. Find the amount currently contained in each account if she
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Question 34818: Myra Smart invests in two companies. The ivestments yields 5% and 8% interest respectively and she earns $510 annually. Find the amount currently contained in each account if she invests 2/3 as much in the first account as in the second.
this is the eqation i have so far
2x(.05)/3+.08=510 Answer by checkley71(8403) (Show Source):
You can put this solution on YOUR website! 510=.05(2/3)X+.08X OR 510=(.10/3)X+.08X OR 510=(.34/3)X 510*3=.34X OR
1530=.34X OR X=4500 AND 2/3X=3000
PROOF .05*3000+.08*4500=150+360=510
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