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18 votes
18 votes
I just need the answers to double check my work! thank you

I just need the answers to double check my work! thank you-example-1
User Eddys
by
3.1k points

1 Answer

28 votes
28 votes

(0.05)(3000) + (7000)(0.04) = $430 Total interest earned.

$430/(7000 + 3000) = 0.043

0.043*100 = 4.3% percent interest for the total deposited.

User Flaschbier
by
2.2k points
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