Raymond B. answered 01/10/26
Math, microeconomics or criminal justice
.02x + .08(1800+3x) = 638
.26x = 638 - 144 = 494
x = 494/.26 = $1900 = amount invested at 2%
1800+3x = amount invested at 8% = $7,500
.02(1900) + .08(7500) = 38 +600 = $638
Katlyn W.
asked 06/08/20Ann earned a total of $638 in simple interest from two separate accounts. In an account earning 8% interest, Ann invested $1,800 more than three times the amount she invested in an account earning 2%. How much did she invest in each account?
Raymond B. answered 01/10/26
Math, microeconomics or criminal justice
.02x + .08(1800+3x) = 638
.26x = 638 - 144 = 494
x = 494/.26 = $1900 = amount invested at 2%
1800+3x = amount invested at 8% = $7,500
.02(1900) + .08(7500) = 38 +600 = $638
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.