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You invested $ 7000 between two accounts paying 2 % and 6 % annual interest, respectively. if the total interest earned for the year was $ 300 comma how much was invested at each rate?
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Mar 17, 2019
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You invested $ 7000 between two accounts paying 2 % and 6 % annual interest, respectively. if the total interest earned for the year was $ 300 comma how much was invested at each rate?
Business
high-school
Sergey Ivanov
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0.02x+0.06 (7000-x)=300
Solve for x
X=3000 invested at 2%
7000-3000=4000 invested at 6%
Nick Krasnov
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Mar 24, 2019
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Nick Krasnov
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