Asked by Allison Amelotte

Alex deposited $7500 in a year. The annual interest fees were at 12% and 10% respectively. The total interest payed was $890. How much was paid at the 12% fee. I got as far as the equation portion of the problem. I was somewhere around 890=.12+.1(7500). I solved the equation but the answer just doesn't seem right.
Answered by Scott
.12 x + .10(7500 - x) = 890

.02x + 750 = 890
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