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.
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
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