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23 February, 20:21

Earned $4200 and earned $174 in interest if one earns 3.5% and the other 4.5 % how much was invested at each rate

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  1. 23 February, 21:09
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    X + y = 4200 so x = 4200 - y

    0.035x + 0.045y = 174

    substitute x = 4200 - y into 0.035x + 0.045y = 174

    0.035x + 0.045y = 174

    0.035 (4200 - y) + 0.045y = 174

    147 - 0.035y + 0.045y = 174

    0.01y = 27

    y = 2700

    x + y = 4200

    x = 4200 - 2700

    x = 1500

    answer

    $1500 in 3.5%

    $2700 in 4.5%
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