You invested $8000 between two accounts paying 3% and 9% annual interest, respectively. If the total interest earned for the year was $540, how much was invested at each rate?
You invested $8000 between two accounts paying 3% and 9% annual interest, respectively. If the total interest earned for the year was $540, how much was invested at each rate?
Chapter10: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 443RE: Elise invests $4500 in an account that compounds interest monthly and earns 6%. How long will it...
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You invested $8000 between two accounts paying 3% and 9% annual interest, respectively. If the total interest earned for the year was $540, how much was invested at each rate?
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