Katie earned $54.30 in interest from two accounts. One account Paid 4.1% apr and the other paid 3.2% apr. if she had a total of $1500 in the two accounts, How much was in each account?

Question

Mathematics

Chief

28 November, 17:54

Katie earned $54.30 in interest from two accounts. One account Paid 4.1% apr and the other paid 3.2% apr. if she had a total of $1500 in the two accounts, How much was in each account?

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Answers (1)

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Celia Pennington · Answer 1

0.032x+0.041 (1500-x) = 54.3

Solve for x

0.032x+61.5-0.041x=54.3

0.032x-0.041x=54.3-61.5

-0.009x=-7.2

X=7.2/0.009

X=800 invested at 3.2%

1500-800=700 invested at 4.1%