You have new items in your feed. Click to view.
Question and answer
$1,500 is invested in two different accounts paying 4% and 5% interest. If a total of $67 interest is earned after one year, then how much money was invested at 4%?
We know that 1500 was invested total. [ We're trying to solve for the amount put into the 4% account. Let's say that F was put in the 4% account (F for Four percent) so the remaining money, or 1500 - F, was put into the 5% account. initial deposits 4%- F 5%- -1500 - F now, let's work it with words total interest earned = interest from 4% account + interest from 5% account total interest = (amt.
invested)(% interest) + (amount invested)(% interest) 67 = F(4%) + (1500 - F)(5% 67 = F(0.04) + (1500 - F)(0.05) 67 = F(0.04) + (1500)(0.05) - (F)(0.05) 67 = 0.04F + 75 - 0.05F 67 - 75 = 0.04F - 0.05F -8 = -0.01F -8 / -0.01 = F F = 800 So $800 was invested in the 4% account (which means that 1500 - 800 = $700 was invested in the 5% account). Check: 800 * 0.04 = 32 700 * 0.05 = 35 32 + 35 = 67 (There's our $67 total interest) ; Therefore $800 was invested @ 4% interest. ]
Expert answered|bongche|Points 1369|
Question
Asked 3/26/2012 8:54:10 AM
0 Answers/Comments
Get an answer
New answers
Rating

There are no new answers.

Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
Questions asked by the same visitor
Find the value of 7 + 3^2 (-5 + 1) ÷ 2 is it 25, 32, or -11
Weegy: 2 (More)
Question
Updated 8/12/2014 10:26:03 AM
1 Answer/Comment
7 + 3^2 (-5 + 1) ÷ 2

= 7 + 9 * (-4) ÷ 2;

= 7 + (-36) ÷ 2;

= 7 + (-18)

= 7 - 18;

= -11
Added 8/12/2014 10:26:03 AM
This answer has been confirmed as correct, not copied, and helpful.
Confirmed by andrewpallarca [8/12/2014 10:30:13 AM]
25,789,383 questions answered
Popular Conversations
removal Which of these is the free morpheme in this ...
Weegy: In the word "removal," the free morpheme is mov(e). User: The new English word emoticon can be broken down ...
7/26/2016 11:27:16 AM| 3 Answers
The plurals of nouns ending in s, x, z, ch, and sh are formed by ...
Weegy: The plurals of nouns ending in s, x, z, ch, and sh are formed by adding -es. User: The plural of a noun ...
7/26/2016 5:55:54 PM| 3 Answers
Weegy Stuff
S
P
L
Points 561 [Total 1311] Ratings 2 Comments 541 Invitations 0 Online
S
L
P
P
P
Points 253 [Total 3001] Ratings 0 Comments 253 Invitations 0 Offline
S
P
Points 224 [Total 483] Ratings 1 Comments 214 Invitations 0 Offline
S
Points 214 [Total 635] Ratings 1 Comments 204 Invitations 0 Offline
S
Points 88 [Total 227] Ratings 0 Comments 88 Invitations 0 Offline
S
L
P
P
P
Points 70 [Total 3774] Ratings 0 Comments 70 Invitations 0 Offline
S
Points 21 [Total 71] Ratings 2 Comments 1 Invitations 0 Offline
S
1
L
L
P
R
P
L
P
P
R
Points 8 [Total 12606] Ratings 0 Comments 8 Invitations 0 Offline
S
L
Points 3 [Total 1766] Ratings 0 Comments 3 Invitations 0 Offline
S
Points 2 [Total 2] Ratings 0 Comments 2 Invitations 0 Offline
* Excludes moderators and previous
winners (Include)
Home | Contact | Blog | About | Terms | Privacy | © Purple Inc.