An investment adviser invested $14,000 in two accounts. One investment earned 4% annual simple interest, and the other investment earned 2.5% annual simple interest. The amount of interest earned for 1 year was $458. How much was invested in each account? looking for the amount at 4% and also the amt. at 2.5%. all I am getting for replys is $458, just don't get it.
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You have one equation. Solve for x and 14,000-x. The x will be the amount invested at 4% and 14,000-x will be the amount invested at 2.5%. Solve the equation and you'll get. If you have trouble with the equation post (respond here and not with a different post) exactly what you problem is and show your work. We can help you through it but you need to learn to do if you don't know how.
1 answer