Hattie had $5950 to invest and wants to earn 4.4% interest per year. She will put some of the money into an account that earns 3.3% per year and the rest into an account that earns 5% per year. How much money should she put into each account?

Elementary Algebra
17th Edition
ISBN:9780998625713
Author:Lynn Marecek, MaryAnne Anthony-Smith
Publisher:Lynn Marecek, MaryAnne Anthony-Smith
Chapter3: Math Models
Section3.3: Solve Mixture Applications
Problem 3.65TI: Remy has $14,000 to invest in two mutual funds. One fund pays interest at 4% per year and the other...
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Hattie had $5950 to invest and wants to earn 4.4% interest per year. She will put some of the money into an account that earns 3.3% per year and the rest into an account that earns 5% per year. How much money should she put into each account?

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Hattie had $5950 to invest and wants to earn 4.4% interest per year.

She will put some of the money into an account that earns 3.3% per year

The rest into an account that earns 5% per year

 

We have to calculate how much money should she put into each account.

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