Friday

April 18, 2014

April 18, 2014

Posted by **Lisa** on Tuesday, September 3, 2013 at 9:07pm.

- Acc. Algebra 2 -
**Reiny**, Tuesday, September 3, 2013 at 10:08pmsmaller rate --- x

larger rate ----- x + .03

1200x + 2200(x+.03) = 253

1200x + 2200x + 66 = 253

3400x = 187

x = .055

lower rate is 5.5% higher rate is 8.5%

check:

return on 1200 = .055(1200) = 66

return on 2200 = .085(2200) = 187

which is $121 more

You actually had more information than was needed to solve the problem

- Acc. Algebra 2 -
**Lisa**, Wednesday, September 4, 2013 at 12:38amYeah I realized that!!! Thank you very much!!!

**Related Questions**

algebra - two investments were made totaling $15,000. for a certain year these ...

Algebra - I invested $42,000 in three funds paying 5%, 7%, and 9% simple ...

accounting - Analyze and record, in the form of T Accounts, Mr. James' ...

Algebra - Compare the future amounts (A) you would have if the money were ...

Algebra - Compare the future amounts (A) you would have if the money were ...

math - If you invested a penny on Jan 1,1776 at 10% interest compounded daily, ...

simple interest - If $1000 is invested at a 3.5% interest rate, what is the ...

Math - melissa invested a some of money at 3% annual simple inter she invested ...

9th grade math - suppose you invested $1200 for four years. you earned $312 in ...

algebra - Bob has $4000 invested in an account that earns 4.75% simple interest...