Asked by Faith
In planning for retirement, Karen deposits some money at 2.5% interest and deposits
twice as much at 3% interest. Find the amount of money invested at each rate if the total
annual income from interest is $850.
twice as much at 3% interest. Find the amount of money invested at each rate if the total
annual income from interest is $850.
Answers
Answered by
Ms. Sue
Rachel/Faith -- please use the same name for your posts.
Also -- you might get a response if you posted your ideas about the problem.
Otherwise it looks like you want to be a cheater and have someone else give you the answers.
Also -- you might get a response if you posted your ideas about the problem.
Otherwise it looks like you want to be a cheater and have someone else give you the answers.
Answered by
Reiny
If Karen deposits $x in the 2.5% account, how much does she deposit in the other account ??
if her interest from the first account is .025x , what is ther interest from the 2nd account ??
(sum of the two interests) = 850
take over
if her interest from the first account is .025x , what is ther interest from the 2nd account ??
(sum of the two interests) = 850
take over
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.