Joy invests a total of $24,500 in two accounts paying 3% and 7% simple interest, respectively. How much was invested in each account if, after one year, the total interest was $995.00. A) Enter an equation that uses the information as it is given that can be used to solve this problem. Use c as your variable to represent the amount of money invested in the account paying 3% simple interest. Equation: B) The answers are: was invested at 3% and was invested at 7%. Question Help: Video

Joy invests a total of $24,500 in two accounts paying 3% and 7% simple interest, respectively. How much was invested in each account if, after one year, the total interest was $995.00. A) Enter an equation that uses the information as it is given that can be used to solve this problem. Use c as your variable to represent the amount of money invested in the account paying 3% simple interest. Equation: B) The answers are: was invested at 3% and was invested at 7%. Question Help: Video

Algebra: Structure And Method, Book 1

(REV)00th Edition

ISBN:9780395977224

Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole

Publisher:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole

Chapter9: Systems Of Linear Equations

Section9.3: Solving Problems With Two Variables

Problem 16P

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