SOLUTION: a total of 15600 was invested between two accounts: one paying 4% simple interest and the other paying 3% simple interest. after 1 year the total interest was $490. how much was in
Algebra ->
Customizable Word Problem Solvers
-> Finance
-> SOLUTION: a total of 15600 was invested between two accounts: one paying 4% simple interest and the other paying 3% simple interest. after 1 year the total interest was $490. how much was in
Log On
Question 662548: a total of 15600 was invested between two accounts: one paying 4% simple interest and the other paying 3% simple interest. after 1 year the total interest was $490. how much was invested? Answer by rfer(16322) (Show Source):
You can put this solution on YOUR website! 0.04x+0.03(15600-x=490
0.04x+468-0.03x=490
0.01x=490-468
0.01x=22
x=22/0.01
x=2200 at 4%
15600-2200=13400 at 3%
(