You want x where
0.046x + 0.10(6500-x) = 1000
Suppose $6,500 is divided into two bank accounts. One account pays 10% simple interest per year and the other pays 4.6%. After two years there is a total of $1000 in interest between the two accounts. How much was invested into the bank account that pays 4.6% simple interest (rounded to the nearest cent)?
1 answer
1 answer