Answered

Find accurate and reliable answers to your questions on IDNLearn.com. Find the solutions you need quickly and accurately with help from our knowledgeable community.

You invest $15,000 into two different accounts. One of the accounts has 4% interest and the other has 3.2% interest. After one year, you have accumulated a total of $545.60 in interest. How much was initially invested in the account with 4% interest?

Sagot :

Answer:

(4%) ... $8200

Step-by-step explanation:

x + y = 15000

.04x + .032y = 545.60

y = 15000 - x

.04x + .032(15000 - x) = 545.60

.008x = 65.6

x=8200

Thank you for participating in our discussion. We value every contribution. Keep sharing knowledge and helping others find the answers they need. Let's create a dynamic and informative learning environment together. Find reliable answers at IDNLearn.com. Thanks for stopping by, and come back for more trustworthy solutions.