IDONTWANNA7207 IDONTWANNA7207

20-05-2018
Business

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You invested $ 7000 between two accounts paying 2 % and 6 % annual interest, respectively. if the total interest earned for the year was $ 300 comma how much was invested at each rate?

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philipscaster83 philipscaster83

26-05-2018

0.02x+0.06 (7000-x)=300
Solve for x
X=3000 invested at 2%

7000-3000=4000 invested at 6%

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