Asked by Emily
A person plans to invest a total of $9000 in an account that pays 3% annual interest and another account which pays 8% annual interest. How much should be invested in each account so that the total interest for one year will be $580.
Answers
Answered by
Reiny
amount at 3% --- x
amount at 8% --- 9000-x
.03x + .08(9000-x) = 580
solve for x
amount at 8% --- 9000-x
.03x + .08(9000-x) = 580
solve for x
There are no AI answers yet. The ability to request AI answers is coming soon!
Submit Your Answer
We prioritize human answers over AI answers.
If you are human, and you can answer this question, please submit your answer.