SOLUTION:
a man invested a total of $1200 onto two accounts, one paying a 4% dividend, the other paying a 6% dividend. The total interest earned was $57. How much was invested into each
Algebra ->
Customizable Word Problem Solvers
-> Finance
-> SOLUTION:
a man invested a total of $1200 onto two accounts, one paying a 4% dividend, the other paying a 6% dividend. The total interest earned was $57. How much was invested into each
Log On
Question 727658:
a man invested a total of $1200 onto two accounts, one paying a 4% dividend, the other paying a 6% dividend. The total interest earned was $57. How much was invested into each account Answer by checkley79(3341) (Show Source):
You can put this solution on YOUR website! .06X+.04(1,200-X)=57
.06X+48-.04X=57
.02X=57-48
.02X=9
X=9/.02
X=$450 AMOUNT INVESTED @ 6%.
1,200-450=750 AMOUNT INVESTED @ 4%.
PROOF:
.06*450+.04*750=57
27+30=57
57=57
(