One thousand five hundred dollars is invested in two different accounts paying 4% and 5% interest. A total of $67 interest is earned after one year. How much money was invested at 4%?

My account
Edit my Profile
Private messages
My favorites

Ask a Question
Questions
Unanswered
Tags
Categories
Ask a Question

asked Feb 10, 2018 121k views

1 vote

One thousand five hundred dollars is invested in two different accounts paying 4% and 5% interest. A total of $67 interest is earned after one year. How much money was invested at 4%?

Mathematics
high-school

Chen Ni asked

by Chen Ni

7.8k points

0 Comments

Please log in or register to add a comment.

Please log in or register to answer this question.

1 Answer

5 votes

.04x+.05 (1500-x)=67
Solve for x
X=800 at 4%...answer

1500-800=700 AT 5%

Hope it helps:-)

Yao Zhao answered Feb 17, 2018

by Yao Zhao

8.3k points

0 Comments

Please log in or register to add a comment.

← Prev Question Next Question →

No related questions found

Ask a Question

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

0 Comments

Please log in or register to add a comment.

Please log in or register to answer this question.

1 Answer

0 Comments

Please log in or register to add a comment.

No related questions found

Other Questions