Mimi ..

asked • 05/03/21

HELP!!!!!!!!!!!!!!!!!!!!!!!!!!!

1) Suppose you invest money in two accounts. One of the accounts pays 4% interest annually, and the other account pays 5% interest annually. You have $ 2000 more invested in the account paying 4% than in the account paying 5%. How much do you have invested in the account paying 4% if you earn $ 670 interest in a year?


2) Money is invested in two accounts, twice as much in one paying 3% interest per year as in the other, which pays 4% interest per year. The total interest earned after one year is $140. If x is the amount invested at the 3% rate and the y is the amount invested at the 4% rate, then write a system of equations that will have a solution that gives the amount invested at each rate, and find the x and y



2 Answers By Expert Tutors

By:

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

Ask a question for free

Get a free answer to a quick problem.
Most questions answered within 4 hours.

OR

Find an Online Tutor Now

Choose an expert and meet online. No packages or subscriptions, pay only for the time you need.