SOLUTION: I need help with this two equations six-step method problem.
Holly White invested $8000 in two bank accounts. One account pays 3% simple interest, and the other pays 2% simple i
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Holly White invested $8000 in two bank accounts. One account pays 3% simple interest, and the other pays 2% simple i
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Question 870171: I need help with this two equations six-step method problem.
Holly White invested $8000 in two bank accounts. One account pays 3% simple interest, and the other pays 2% simple interest. If she earns $235 annually in interest from the two accounts. how much did she originally invest at 2%?
A. $500
B. $1500
C. $3000
D. $4500 Answer by Alan3354(69443) (Show Source):
You can put this solution on YOUR website! Holly White invested $8000 in two bank accounts. One account pays 3% simple interest, and the other pays 2% simple interest. If she earns $235 annually in interest from the two accounts. how much did she originally invest at 2%?
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t = amount at 2%
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t*0.02 + (8000 - t)*0.03 = 235
Solve for t
