Last year, Reuben deposited $2000 into an account that paid 2% interest per year and $3000 into an account that paid 6% interest per year. No withdrawals were made from the accounts. Answer the questions below. Do not do any rounding. 1. What was the total interest earned at the end of 1 year 2.  What was the percent interest for the total deposited?

Trigonometry (11th Edition)
11th Edition
ISBN:9780134217437
Author:Margaret L. Lial, John Hornsby, David I. Schneider, Callie Daniels
Publisher:Margaret L. Lial, John Hornsby, David I. Schneider, Callie Daniels
Chapter1: Trigonometric Functions
Section: Chapter Questions
Problem 1RE: 1. Give the measures of the complement and the supplement of an angle measuring 35°.
icon
Related questions
icon
Concept explainers
Topic Video
Question

Last year, Reuben deposited $2000 into an account that paid 2% interest per year and $3000 into an account that paid 6% interest per year. No withdrawals were made from the accounts.

Answer the questions below. Do not do any rounding.

1. What was the total interest earned at the end of 1 year

2.  What was the percent interest for the total deposited?

Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 2 images

Blurred answer
Knowledge Booster
Application of Algebra
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, trigonometry and related others by exploring similar questions and additional content below.
Similar questions
Recommended textbooks for you
Trigonometry (11th Edition)
Trigonometry (11th Edition)
Trigonometry
ISBN:
9780134217437
Author:
Margaret L. Lial, John Hornsby, David I. Schneider, Callie Daniels
Publisher:
PEARSON
Trigonometry (MindTap Course List)
Trigonometry (MindTap Course List)
Trigonometry
ISBN:
9781305652224
Author:
Charles P. McKeague, Mark D. Turner
Publisher:
Cengage Learning
Algebra and Trigonometry
Algebra and Trigonometry
Trigonometry
ISBN:
9781938168376
Author:
Jay Abramson
Publisher:
OpenStax
Trigonometry (MindTap Course List)
Trigonometry (MindTap Course List)
Trigonometry
ISBN:
9781337278461
Author:
Ron Larson
Publisher:
Cengage Learning