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Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter7: Percents
Section7.7: Simple And Compound Interest
Problem 9E
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Julian invests $7100 in two different accounts. The first account paid 2 %, the second account paid 9 % in
interest. At the end of the first year he had earned $401 in interest. How much was in each account?
Transcribed Image Text:Score on last ay: 0 of 1 pts. See Details for more. by: > Next question Try a similar question Julian invests $7100 in two different accounts. The first account paid 2 %, the second account paid 9 % in interest. At the end of the first year he had earned $401 in interest. How much was in each account?
Expert Solution
Step 1

To determine the amount of investment in each account.

Step 2

Let x be the amount of investment in the account that paid 2% interest.

Then, the investment in the account that paid 9% interest is 7100 - x.

 

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