Algebraic word problem dealing with interest

Question

You invest $18,000 in two accounts paying 8% and 7% annual interest respectively. If the total interest you earn for the year is $1300, how much did you invest at each rate?

Suresh S. · Accepted Answer

assume u invest x dollars in 8% and (18000 - x) in the 7% interest. The equation to solve is 
 
0.08 x + 0.07 (18000 - x) = 1300
 
Solve for X.

Algebraic word problem dealing with interest

1 Expert Answer

Still looking for help? Get the right answer, fast.

OR

RELATED TOPICS

RELATED QUESTIONS

if the rate of discount is 15% and the discount is 65.70 what is the marked price?

three times as many dimes as nickels and 6 more quarters than dimes. Total in change is 5.90 , how many nickels, dimes and quarters does she have?

Three times as many dimes as nickels and 6 more quarters than dimes. If the total amount is $5.90, how many nickels, dimes, and quarters do i have.

Sue did twice as many push-ups as Mark did. Bonnie did five less push-ups than Mark did. If they did 71 push-ups together, how many did each do?

price of a model by 15%. If the new price is $128,000, what was its original price? How much was saved by purchasing the model?

RECOMMENDED TUTORS

IXL

Rosetta Stone

Education.com

TPT

Vocabulary.com

ABCya

SpanishDictionary.com

Inglés.com

Emmersion

Algebraic word problem dealing with interest

1 Expert Answer

Still looking for help? Get the right answer, fast.

OR

RELATED TOPICS

RELATED QUESTIONS

if the rate of discount is 15% and the discount is 65.70 what is the marked price?

three times as many dimes as nickels and 6 more quarters than dimes. Total in change is 5.90 , how many nickels, dimes and quarters does she have?

Three times as many dimes as nickels and 6 more quarters than dimes. If the total amount is $5.90, how many nickels, dimes, and quarters do i have.

Sue did twice as many push-ups as Mark did. Bonnie did five less push-ups than Mark did. If they did 71 push-ups together, how many did each do?

price of a model by 15%. If the new price is $128,000, what was its original price? How much was saved by purchasing the model?

RECOMMENDED TUTORS

find an online tutor