PrincesaL453766 PrincesaL453766
  • 03-11-2022
  • Mathematics
contestada

You invested $9000 between two accounts paying 4% and 7% annual interest. If the total interest earned for the year was $510, how much was invested at each rate?

Respuesta :

ReesG277527 ReesG277527
  • 03-11-2022

Let x represent the amount invested at 7%.

Then 9000-x is the amount invested at 4%

total interest earned is:

0.07x + 0.04(9000-x) = 510

0.07x + 360 - 0.04x = 510

0.03x = 150

x = 5000 the amount invested at 7%

9000 - 5000 = 4000 the amount invested at 4%

Answer Link

Otras preguntas

1. Which of the following is not part of the Intolerable Acts?
What is the least common denominator of 4/5 - 3/4
What are the three examples of alloy
The total price of a bag of peaches varies directly with the cost per pound. If 3 pounds of peaches cost $3.60, how much would 5.5 pounds cost? A: $1.20 B: $6.
In response to Socrates’ teachings, the Athenian government:Α
Following World War II, how did the world’s leaders promote peace and reduce poverty?
What is an equivalent fraction for 4/2
Find the area of the circle. Enter the number that belongs in the green box. [?]# square units
What is wrong with this solution? -5m - 16 = 19 5m - 16 + 16 = 19 + 16 Step One: Step Two: Solution: m = 7
Ross believes that personality development is a matter of sudden qualitative changes at various turning points in the life span. His viewpoint is most directly