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November 22, 2014

Homework Help: Math

Posted by Shadow on Tuesday, May 11, 2010 at 10:26pm.

Kent invested $5,000 in a retirement plan.He allocated X dollars of the money to a bond account that earns 4% interest per year and the rest to a traditional account that earn 5% interest per year.

1.Write an expression that represents the amount of money invested in the traditional account.
2.If Kent put $500 in the bond account, how much money does he have in his retirement plan after one year?

Could someone help me on how to solve these two? Thanks

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