Ask a New Question

You invest $20,000 in two accounts. Account A earned 4.5% annual simple interest and Account B earned 6% annual simple interest. the total amount of interest earned for 1 year was $987.50, how much was invested into each account?

1 answer

.045x + .06(20000-x) = 987.50

Ask a New Question or answer this question.

Similar Questions

Mr. Flores opened an account with a deposit of $5,000The account earned annual simple interest. He did not make any additional
1. 4 answers
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
1. 2 answers
Yvonne put $4,000 in a savings account. At the end of 3 years, the account had earned $960 in simple interest.A. how much does
1. 32 answers
Yvonne put $4,000 in a savings account. At the end of 3 years, the account had earned $960 in simple interest.A. how much does
1. 15 answers

more similar questions