You invested $28,000 in two accounts paying 7% and 9% annual interest, respectively. If the total interest earned for the year was $2340, how much was invested at each rate?
You invested $28,000 in two accounts paying 7% and 9% annual interest, respectively. If the total interest earned for the year was $2340, how much was invested at each rate?
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,...
Related questions
Question
You invested
$28,000
in two accounts paying
7%
and
9%
annual interest, respectively. If the total interest earned for the year was
$2340,
how much was invested at each rate?Question content area bottom
Part 1
The amount invested at
7%
is
$enter your response here.
Part 2
The amount invested at
9%
is
$enter your response here.
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