Salvador invests $4400 in two different accounts. The first account paid 14 %, the second account paid 11 % ininterest. At the end of the first year he had earned $577 in interest. How much was in each account?at 14 %at 11 %Question Help: Message instructorSubmit Question

Answered: Image /qna-images/answer/7e974ffc-8222-4131-a971-2736663126af.jpg

Answered: Salvador invests $4400 in two different…

Elementary Algebra

17th Edition

ISBN:9780998625713

Author:Lynn Marecek, MaryAnne Anthony-Smith

Publisher:Lynn Marecek, MaryAnne Anthony-Smith

Chapter3: Math Models

Section3.3: Solve Mixture Applications

Problem 3.65TI: Remy has $14,000 to invest in two mutual funds. One fund pays interest at 4% per year and the other...

See similar textbooks

Similar questions

Remy has $14,000 to invest in two mutual funds. One fund pays interest at 4% per year and the other fund pays interest at 7% per year. How much should she invest in each fund if she wants to earn 6.1% interest on the total amount?
Bill works at a weekend convention by selling copies of a book. He receives a 2 commission for each copy sold. If he sells 25 copies on Saturday and 30 copies on Sunday, what is Bills total commission?
Joaquin bought a bookcase on sale for $120, which was two-thirds of the original price. What was the original price of the bookcase?
In 5 years, Gloria’s bank account earned $2,400 interest at 5%. How much had she deposited in the account?
In five years, Gloria’s bank account earned $2,400 interest at 5% simple interest. How much had she deposited in the account?
Bonita has $2.95 in dimes and quarters in her pocket, If she has 5 more dimes than quarters, how many of each coin does she have?
Geraldine has been offered positions by two insurance companies. The first company pays a salary of $12,000 plus a commission of $100 for each policy sold. The second pays a salary of $20,000 plus a commission of $50 for each policy sold. How many policies would need to be sold to make the total pay the same?
Susana invested a principal of $36,000 in her bank account that earned simple interest at an interest rate of 6.5%. How much interest did she earn in three years?

Recommended textbooks for you

Elementary Algebra

Algebra

ISBN:

9780998625713

Author:

Lynn Marecek, MaryAnne Anthony-Smith

Publisher:

OpenStax - Rice University

Intermediate Algebra

Algebra

ISBN:

9780998625720

Author:

Lynn Marecek

Publisher:

OpenStax College

Elementary Geometry For College Students, 7e

Geometry

ISBN:

9781337614085

Author:

Alexander, Daniel C.; Koeberlein, Geralyn M.

Publisher:

Cengage,

Elementary Algebra

Algebra

ISBN:

9780998625713

Author:

Lynn Marecek, MaryAnne Anthony-Smith

Publisher:

OpenStax - Rice University

Intermediate Algebra

Algebra

ISBN:

9780998625720

Author:

Lynn Marecek

Publisher:

OpenStax College

Elementary Geometry For College Students, 7e

Geometry

ISBN:

9781337614085

Author:

Alexander, Daniel C.; Koeberlein, Geralyn M.

Publisher:

Cengage,

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

PREALGEBRA

Algebra

ISBN:

9781938168994

Author:

OpenStax

Publisher:

OpenStax

SEE MORE TEXTBOOKS

Salvador invests $4400 in two different accounts. The first account paid 14 %, the second account paid 11 % in interest. At the end of the first year he had earned $577 in interest. How much was in each account? at 14 % at 11 % %24