4. Investments. James had a total of $5000 in two different investment accounts. One account earned 3% interest and the other earned 4.5% interest and the total interest earned was $195. a) Set up a system of linear equations. b) Solve your system by substitution to see how much James invested in each account.

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter4: Systems Of Linear Equations
Section4.3: Solve Mixture Applications With Systems Of Equations
Problem 4.57TI: Translate to a system of equations and solve: Laura owes $18,000 on her student loans. The interest...
icon
Related questions
Question
4. Investments.
James had a total of $5000 in two different investment accounts. One account earned 3% interest and
the other earned 4.5% interest and the total interest earned was $195.
a) Set up a system of linear equations.
100000
b) Solve your system by substitution to see how much James invested in each account.
Transcribed Image Text:4. Investments. James had a total of $5000 in two different investment accounts. One account earned 3% interest and the other earned 4.5% interest and the total interest earned was $195. a) Set up a system of linear equations. 100000 b) Solve your system by substitution to see how much James invested in each account.
Expert Solution
steps

Step by step

Solved in 4 steps

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Intermediate Algebra
Intermediate Algebra
Algebra
ISBN:
9780998625720
Author:
Lynn Marecek
Publisher:
OpenStax College
Elementary Algebra
Elementary Algebra
Algebra
ISBN:
9780998625713
Author:
Lynn Marecek, MaryAnne Anthony-Smith
Publisher:
OpenStax - Rice University
Algebra: Structure And Method, Book 1
Algebra: Structure And Method, Book 1
Algebra
ISBN:
9780395977224
Author:
Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:
McDougal Littell
College Algebra (MindTap Course List)
College Algebra (MindTap Course List)
Algebra
ISBN:
9781305652231
Author:
R. David Gustafson, Jeff Hughes
Publisher:
Cengage Learning
Algebra for College Students
Algebra for College Students
Algebra
ISBN:
9781285195780
Author:
Jerome E. Kaufmann, Karen L. Schwitters
Publisher:
Cengage Learning
Glencoe Algebra 1, Student Edition, 9780079039897…
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill