
Yefim S. answered 01/19/23
Math Tutor with Experience
0.06x + 0.07(x + 700) = 101; 0.13x = 101 - 49; 0.13x = 52; x = $400 on 6% account;
x + 700 = 400 + 700 = $1100 on 7% account;
Nicole R.
asked 01/19/23Tyler has two savings accounts that his grandparents opened for him. One of the accounts pay 6%annual interest, whereas the other pays 7%annual interest. If you have $700 more invested at 7%than you invested at 6%, how much do you have invested in each account if the total amount of interest you earn in a year is $101?
Yefim S. answered 01/19/23
Math Tutor with Experience
0.06x + 0.07(x + 700) = 101; 0.13x = 101 - 49; 0.13x = 52; x = $400 on 6% account;
x + 700 = 400 + 700 = $1100 on 7% account;
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.