Question

Dilbert invests a total of $14,000 in two accounts paying 9% and 15% simple interest, respectively. How much was invested in each account if, after one year, the total interest was $1,350.00.

A) Enter an equation that uses the information as it is given that can be used to solve this problem. Use x as your variable to represent the amount of money invested in the account paying 9% simple interest

Answer 1

let x be the amount invested at 9%
14000-x the amount invested at 15%

solve for x and state your conclusion

.09x + .15(14000-x) = 1350


Tell me where I can invest money at those rates.

Answer 2

12500

Answer 3

1500