Ask Question
11 January, 19:03

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?

+3
Answers (1)
  1. 11 January, 20:45
    0
    0.02x+0.06 (7000-x) = 300

    Solve for x

    X=3000 invested at 2%

    7000-3000=4000 invested at 6%
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “You invested $ 7000 between two accounts paying 2 % and 6 % annual interest, respectively. if the total interest earned for the year was $ ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers