Question

Kendra deposited a total of $9,000 between two saving accounts bearing simple interest. One of the accounts has an interest rate of 3% while the other rate is 4%. If the total interest earned after one year is $320, find the amount deposited into each of the accounts

Answer 1

just add up the interest in the parts. It must equal the whole amount specified.

If $x is at 3%, then the rest (9000-x) is at 4%. So,

.03x + .04(9000-x) = 320

Answer 2

i got 4000 is that right?

Answer 3

correct

Answer 4

Kendra deposited a total of $9,000 between two saving accounts bearing simple interest. One of the accounts has an interest rate of 3% while the other rate is 4%. If the total interest earned after one year is $320, find the amount deposited into each of the accounts.

Answer 5

I got 1333 for 3% and 7667 for 4% is this right