Mike invested S7,500 total in two bank accounts. Once account paid 4% interest and the other account paid 6%. The total amount he received last year from both accounts was$420. If you wanted to figure out how much Mike invested in each account, which two equations would best represent the correct system for this problem?(Assume that you are letting x represent the amount invested in the 4% account and y represent the amount invested in the 6% account)A. x +y= 4200.04x + 0.06y = 7500B. x +y = 75000.06x + 0.04y = 420C. x +y = 75000.04x +0.06y = 420D. x +y = 4200.06x + 004y = 7500

As it is given that x represent the amount invested in the 4% account and y represent the amount…

Answered: Mike invested $7,500 total in two bank…

Intermediate Algebra

19th Edition

ISBN:9780998625720

Author:Lynn Marecek

Publisher:Lynn Marecek

Chapter4: Systems Of Linear Equations

Section4.3: Solve Mixture Applications With Systems Of Equations

Problem 4.55TI: Translate to a system of equations and solve: Leon had $50,000 to invest and hopes to earn 6.2%...

See similar textbooks

Similar questions

Translate to a system of equations and then solve: Charlie left his mother’s house traveling at an average speed of 36 miles per hour. His sister Sally left 15 minutes (1/4 hour) later traveling the same route at an average speed of 42 miles per hour. How long before Sally catches up to Charlie?
Translate to a system of equations: A senior employee makes $5 less than twice what a new employee makes per hour. Together they make $43 per hour. How much does each employee make per hour?
Translate to a system of equations and then solve: Mark went to the gym and did 40 minutes of Bikram hot yoga and 10 minutes of jumping jacks. He burned 510 calories. The next time he went to the gym, he did 30 minutes of Bikram hot yoga and 20 minutes of jumping jacks burning 470 calories. How many calories were burned for each minute of yoga? How many calories were burned for each minute of jumping jacks?
Translate to a system of equations and solve: Jill’s Sandwich Shoppe owes $65,200 on two business loans, one at 4.5% interest and the other at 7.2% interest. The total amount of interest owed last year was $3,582. What was the principal for each loan?
Translate to a system of equations and then solve: Mitchell left Detroit on the interstate driving south towards Orlando at a speed of 60 miles per hour. Clark left Detroit 1 hour later traveling at a speed of 75 miles per hour, following the same route as Mitchell. How long will it take Clark to catch Mitchell?
Translate to a system of equations and solve: Greta wants to make 5 pounds of a nut mix using peanuts and cashews. Her budget requires the mixture to cost her $6 per pound. Peanuts are $4 per pound and cashews are $9 per pound. How many pounds of peanuts and how many pounds of cashews should she use?
Translate to a system of equations and then solve: A small jet can fly 1,325 miles in 5 hours with a tailwind but only 1,035 miles in 5 hours into a headwind. Find the speed of the jet in still air and the speed of the wind.
Translate to a system of equations and solve: A science center sold 1,363 tickets on a busy weekend. The receipts totaled $12,146. How many $12 adult tickets and how many $7 child tickets were sold?
Translate to a system of equations and solve: Sammy has most of the ingredients he needs to make a large batch of chili. The only items he lacks are beans and ground beef. He needs a total of 20 pounds combined of beans and ground beef and has a budget of $3 per pound. The price of beans is $1 per pound and the price of ground beef is $5 per pound. How many pounds of beans and how many pounds of ground beef should he purchase?
Explain in your own words how to solve a system of equations using substitution.
Translate to a system of equations: The sum of two numbers is negative twenty-three. One number is 7 less than the other. Find the numbers.
Translate to a system of equations and then solve: Mario wants to put a fence around the pool in his backyard. Since one side is adjacent to the house, he will only need to fence three sides. There are two long sides and the one shorter side is parallel to the house. He needs 155 feet of fencing to enclose the pool. The length of the long side is 10 feet less than twice the width. Find the length and width of the pool area to be enclosed.

Recommended textbooks for you

Intermediate Algebra

Algebra

ISBN:

9780998625720

Author:

Lynn Marecek

Publisher:

OpenStax College

Elementary Algebra

Algebra

ISBN:

9780998625713

Author:

Lynn Marecek, MaryAnne Anthony-Smith

Publisher:

OpenStax - Rice University

Algebra: Structure And Method, Book 1

Algebra

ISBN:

9780395977224

Author:

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

Publisher:

McDougal Littell

Intermediate Algebra

Algebra

ISBN:

9780998625720

Author:

Lynn Marecek

Publisher:

OpenStax College

Elementary Algebra

Algebra

ISBN:

9780998625713

Author:

Lynn Marecek, MaryAnne Anthony-Smith

Publisher:

OpenStax - Rice University

Algebra: Structure And Method, Book 1

Algebra

ISBN:

9780395977224

Author:

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

Publisher:

McDougal Littell

SEE MORE TEXTBOOKS