Over the last 16 years Johanna saved some of her pay each month. She now has $46,000. She decides to invest some of it at 5.25% annual interest and the rest at 3.75% annual interest. After one year, her total interest earned from both accounts is $2001. How much did she invest in each account? A. Define variables to represent the unknowns and setup the necessary equations to answer the question. B. Algebraically solve the equation you created and express your final answer using a complete sentence and appropriate units.

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter6: Systems Of Linear Equations And Inequalities
Section6.5: Applying Systems Of Linear Equations
Problem 32PFA
icon
Related questions
Question
Over the last 16 years Johanna saved some of
her pay each month. She now has $46,000.
She decides to invest some of it at 5.25%
annual interest and the rest at 3.75% annual
interest. After one year, her total interest
earned from both accounts is $2001. How
much did she invest in each account?
A. Define variables to represent the unknowns
and setup the necessary equations to answer
the question.
B. Algebraically solve the equation you created
and express your final answer using a
complete sentence and appropriate units.
Transcribed Image Text:Over the last 16 years Johanna saved some of her pay each month. She now has $46,000. She decides to invest some of it at 5.25% annual interest and the rest at 3.75% annual interest. After one year, her total interest earned from both accounts is $2001. How much did she invest in each account? A. Define variables to represent the unknowns and setup the necessary equations to answer the question. B. Algebraically solve the equation you created and express your final answer using a complete sentence and appropriate units.
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 2 images

Blurred answer
Recommended textbooks for you
Glencoe Algebra 1, Student Edition, 9780079039897…
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
Algebra: Structure And Method, Book 1
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
Holt Mcdougal Larson Pre-algebra: Student Edition…
Holt Mcdougal Larson Pre-algebra: Student Edition…
Algebra
ISBN:
9780547587776
Author:
HOLT MCDOUGAL
Publisher:
HOLT MCDOUGAL
Elementary Algebra
Elementary Algebra
Algebra
ISBN:
9780998625713
Author:
Lynn Marecek, MaryAnne Anthony-Smith
Publisher:
OpenStax - Rice University