
Patrick B. answered 02/29/20
Math and computer tutor/teacher
X+ y = 17000
0.04 x + 0.06y = 860
0.04x + 0.06 ( 17000 - x) = 860
0.04x + 1020 - 0.06x = 860
-0.02x = -160
2x = 16000
x = 8000
y = 9000
Arista H.
asked 10/04/19You invested $17000 into two accounts paying 4% and 6% annual interest, respectively. If the total interest for the year was $860, how much was invested at each rate?
Patrick B. answered 02/29/20
Math and computer tutor/teacher
X+ y = 17000
0.04 x + 0.06y = 860
0.04x + 0.06 ( 17000 - x) = 860
0.04x + 1020 - 0.06x = 860
-0.02x = -160
2x = 16000
x = 8000
y = 9000
Get a free answer to a quick problem.
Most questions answered within 4 hours.
Choose an expert and meet online. No packages or subscriptions, pay only for the time you need.