Raymond B. answered 12/30/22
.13x + .03(8300-x) = 629
.1x = 629 -.03(8300)
x = 380/.1 = 3800
$3,800 invested at 13%
$4,500 invested at 3%
.13(3800) +,03(4500)
= 494 + 135 = 629
Michelle P.
asked 10/21/20Joseph invests $8300 in two different accounts. The first account paid 13%, the second account paid 3% in interests. At the end of the first year he had earned $629 in interest. How much was in each account?
Raymond B. answered 12/30/22
.13x + .03(8300-x) = 629
.1x = 629 -.03(8300)
x = 380/.1 = 3800
$3,800 invested at 13%
$4,500 invested at 3%
.13(3800) +,03(4500)
= 494 + 135 = 629
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