Concept explainers
To write the system of equations
Answer to Problem 6.1.1.5P
Equation is
Constraints are 1.05 and 1.01 respectively.
Explanation of Solution
Given information:
Interest yield by 1st account=1.05%
Interest yield by 2nd account=1.01%
Total interest earned by her=$3.50
Calculation:
Let us assume that,
According to question,
And,
Interest yield by 1st account=1.05%
Interest yield by 2nd account=1.01%
As simple interest is % of amount deposited,
Interest earned by 1st account=
Interest earned by 2nd account=
Now,
Total interest she earns=interest by 1st account+ interest by 2nd account.
Substituting the value,
Constraints are 1.05 and 1.01 respectively,
Chapter ISG Solutions
Algebra 1, Homework Practice Workbook (MERRILL ALGEBRA 1)
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