Ask a New Question

Question

You invested a total of $15,000 at 4 1/2% and 5% simple interest. During one year, the two accounts earned $715. How much did you invest in each account
6 years ago

Answers

Reiny
amount at 4.5% ---- x
amount at 5% = 15000-x

solve for x:
.045x + .05(15000-x) = 715
6 years ago
Anonymous
IDK
3 years ago

Related Questions

A total of $11,000 was invested. Part of the $11,000 was invested at 4% and the rest invested at 7%... A total of $12,000 is invested in two funds paying 9% and 11% simple interest. If the yearly interes... A total of $12,000 is invested into two simple interest accounts. On one account the annual simple i... a total of 10,000 is invested in two mutual funds. the first account yields 5% and the second accoun... a total of 10,000 is invested in two mutual funds. the first account yields 5% and the second accoun...
Ask a New Question
Archives Contact Us Privacy Policy Terms of Use