Question

Paul invested three times as much money in the account paying 5% interest then he did in an account paying 4% of the total interest paid was $475 how much did he invest in each

Answer 1

Given

Paul invested three times as much money in the account paying 5% interest then he did in an account paying 4%.

Total interest paid was $475

Find out he invest in each.

To proof

Let us assume that Paul invested in an account paying 4% be = x

As given in the question

Paul invested three times as much money in the account paying 5% interest then he did in an account paying 4%.

Let us assume that Paul invested in an account paying 5% be = 3x

Total interest paid = $475

First convert 4% in the decimal form

`=(4)/(100)`

= 0.04

First convert 5% in the decimal form

`=(5)/(100)`

= 0.05

Than the equation become in the form

0.04x + 0.05 × 3x = 475

0.04x + 0.15x = 475

0.19x = 475

x = $2500

Paul invested in an account paying 4% be = $2500

Paul invested in an account paying 5% be = $7500

Hence proved