HOME > Mathematics > You invest $14000 in two accounts paying 4% and 8% annual interest, respectively.
You invest $14000 in two accounts paying 4% and 8% annual interest, respectively.
[From: ][author: ][Date: 11-09-20][Hit: ]
-x*0.04 + (14,000-x)*0.-0.x = $11,and $3,......
If the total interest earned for the year was $680, how much was invested at each rate?
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x*0.04 + (14,000-x)*0.08 = 680
-0.04x = -440
x = $11,000 @ 4%
and $3,000 @ 8%
1
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