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November 28, 2014

November 28, 2014

Posted by **stacy** on Sunday, December 9, 2007 at 11:01am.

A) $8,000

B) $18,000

C) $17,000

D) $16,000

- math -
**Damon**, Sunday, December 9, 2007 at 11:05amTake a look at this question posted down below:

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Posted by Anonymous on Saturday, December 8, 2007 at 6:55pm.

Stan invested $5,000, part at 8% and part at 17%. If the total interest at the end of the year is $490, how much did he invest at 8%?

For Further Reading

* math - Damon, Saturday, December 8, 2007 at 7:18pm

.08 x + .17 (5,000 -x) = 490

assuming simple interest not compounded monthly or daily or anything.

* math - drwls, Saturday, December 8, 2007 at 7:21pm

If x was invested at 8%, 5000-x was invested at 17%.

Solve the equation

490 = 0.08x + 0.17 (5000 -x)

490 - 850 = -0.09 x

0.09x = 360

x = ?

It says that the total interest earned in two accounts, was $490.

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