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7 July, 04:16

Dr. Trekcir has $875 to invest. he invests some of it in account#1 paying 8% annual interest and the rest of it in account#2 paying 4% annual interest. After 1 year total interest is $49.00. find hou much is invested in each account

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  1. 7 July, 07:19
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    Here's what the equation would look like (I'm using the variable n for the investments):

    0.08n + 0.04 (875-n) = 49

    Multiply both sides by 100:

    8n + 3500 - 4n = 4900

    Simplify:

    4n+3500=4900

    Isolate n:

    4n = 1400

    n = 350

    8% invested: 350

    4% invested: 525
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