Ask Me Help Desk

Ask Me Help Desk (https://www.askmehelpdesk.com/forum.php)
-   Math & Sciences (https://www.askmehelpdesk.com/forumdisplay.php?f=402)
-   -   Interest (https://www.askmehelpdesk.com/showthread.php?t=584483)

  • Jun 28, 2011, 12:16 AM
    brittking
    Interest
    You invented $10,000 in two accounts paying 8% and 9% annual interst, resepectively. IF the toatal interest earned for the year was $840, how much was invested at each rate?
  • Jun 28, 2011, 07:31 AM
    Unknown008

    Is that simple interest and the interest applied per annum?

    If so, recall your interest formula:



    Let x be the first sum and y the second.



    And



    And



    And



    can you give that a try? :)

  • All times are GMT -7. The time now is 09:41 AM.