Monico invests a total of $26,000 in two accounts paying 15% and 2% simple interest, respectively. How much was invested in each account if, after one year, the total interest was $3,120.00. A) Enter an equation that uses the information as it is given that can be used to solve this problem. Use a as your variable to represent the amount of money invested in the account paying 15% simple interest. Equation: B) The answers are: $ was invested at 15% and was invested at 2%. Question Help: Video Submit Question
Monico invests a total of $26,000 in two accounts paying 15% and 2% simple interest, respectively. How much was invested in each account if, after one year, the total interest was $3,120.00. A) Enter an equation that uses the information as it is given that can be used to solve this problem. Use a as your variable to represent the amount of money invested in the account paying 15% simple interest. Equation: B) The answers are: $ was invested at 15% and was invested at 2%. Question Help: Video Submit Question
Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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![Monico invests a total of $26,000 in two accounts paying 15% and 2% simple interest, respectively. How
much was invested in each account if, after one year, the total interest was $3,120.00.
A) Enter an equation that uses the information as it is given that can be used to solve this problem. Use
as your variable to represent the amount of money invested in the account paying 15% simple interest.
Equation:
B) The answers are:
$
S
U-P
was invested at 15% and
was invested at 2%.
Question Help: Video
Submit Question
ztetti](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F661e79ee-05f0-4794-8531-9b5261a2e126%2F6f61f833-4544-4e25-b50f-00cd6f197cf2%2Fmtazrz9_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Monico invests a total of $26,000 in two accounts paying 15% and 2% simple interest, respectively. How
much was invested in each account if, after one year, the total interest was $3,120.00.
A) Enter an equation that uses the information as it is given that can be used to solve this problem. Use
as your variable to represent the amount of money invested in the account paying 15% simple interest.
Equation:
B) The answers are:
$
S
U-P
was invested at 15% and
was invested at 2%.
Question Help: Video
Submit Question
ztetti
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