Ask Question
8 July, 16:43

Ms. jamison plans to invest $3,800 in two accounts for one year. the first account earns a yearly interest of 3.5%. the second account earns a yearly interest of 6%. how much money does ms. jamison need to invest in the second account in order to earn $188 in interest from both accounts?

+2
Answers (1)
  1. 8 July, 19:48
    0
    0.035x+0.06 (3800-x) = 188

    Solve for x

    0.035x+228-0.06x=188

    0.035x-0.06x=188-228

    -0.025x=-40

    X=40/0.025

    X=1600. Invested at 3.5%

    3800-1600=2200 invested at 6%
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Ms. jamison plans to invest $3,800 in two accounts for one year. the first account earns a yearly interest of 3.5%. the second account ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers