Check you invested 5000 in two accounts. Finance questions and answers. If the total intrst earned for the year you invested 5000 between two accounts paying 3 and 7 annual intrest. Let x represent the amount invested at 6 and y represent the amount invested at 8. Check also: 5000 and you invested 5000 in two accounts After one year total interest will be 5x100 713000-x100 91000-2x100.
2 Since the time period in this problem is one year our simple interest equation becomes. He should invest 3000 at 5 interest and 13000-300010000 at 7 interest.
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One of the accounts earns 12 per year and the other earns 10 per year.
By the given condition of the problem 91000-2x100850. Deposit the 5000 in the bank. 2x 21000 7x 16000. The rest of the money invested at 7 is 3000 x x 2 100 3000 x 7 100 160 x by 100 100 x 2 100 100 3000 x 7 100 160 100. You invested 5000 between two accounts paying 6 and 8 annual interest respectively. His total investment was 40000.
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