Last year, Jenny deposited $3000 into an account that paid 5% interest per year and $7000 into an account that paid 4% interest per year. No withdra were made from the accounts. Answer the questions below. Do not do any rounding.

Elementary Algebra
17th Edition
ISBN:9780998625713
Author:Lynn Marecek, MaryAnne Anthony-Smith
Publisher:Lynn Marecek, MaryAnne Anthony-Smith
Chapter3: Math Models
Section: Chapter Questions
Problem 430PT: Melinda deposited $5,985 in a bank account with an interest rate of 1.9%. How much interest was...
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Last year, Jenny deposited $3000 into an account that paid 5% interest per year and $7000 into an account that paid 4% interest per year. No withdrawals
were made from the accounts.
Answer the questions below. Do not do any rounding.
(a) What was the total interest earned at the end of 1 year?
$
(b) What was the percent interest for the total deposited?
X
S
Transcribed Image Text:Last year, Jenny deposited $3000 into an account that paid 5% interest per year and $7000 into an account that paid 4% interest per year. No withdrawals were made from the accounts. Answer the questions below. Do not do any rounding. (a) What was the total interest earned at the end of 1 year? $ (b) What was the percent interest for the total deposited? X S
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