Kenneth S. answered • 07/25/16

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Expert Help in Algebra/Trig/(Pre)calculus to Guarantee Success in 2018

First, calculate what the interest will be on $50,000 during one year, at interest rate 3.35%

Subtract that interest amount from $6,000 to see what interest the other account would need to yield; this would be on $70,000 (remaining principal). So you only have to solve I=PRT where I was just calculated by subtraction, T = 1 year, and P = 70,000.

The only unknown is the interest rate, R. Now go to it!.