Posted by **Paul** on Wednesday, November 27, 2013 at 11:14am.

A man invested $15,000. Part of the investment was put into an account that gave 7%, and part in an account that paid 6.5%. The interest earned was 1,520. How much was invested into each account?

- Algebra - eh? -
**Steve**, Wednesday, November 27, 2013 at 1:59pm
just add up the interest earned by each investment. If x gets 7%, then the rest gets 6.5%

.07x + .065(15000-x) = 1520

There seems to be a problem here. Even if the whole 15,000 were invested at 7%, there would only be $1050 in interest.

## Answer this Question

## Related Questions

- algebra - An investment adviser invested $14,000 in two accounts. One investment...
- Algebra - An investment adviser invested $14,000 in two accounts. One investment...
- Business Algebra - You invest $20,000 in two accounts. Account A earned 4.5% ...
- math - An investment adviser invested $14,000 in two accounts. One investment ...
- math - An investment adviser invested $14,000 in two accounts. One investment ...
- math - An investment adviser invested $14,000 in two accounts. One investment ...
- MATH - An investment adviser invested $14,000 in two accounts. One investment ...
- algebra2 - Bill invested $15,000 in three accounts. The savings account paid 1% ...
- algebra2 - Bill invested $15,000 in three accounts. The savings account paid 1% ...
- Algebra - A mother wants to invest 8,000 dollars into her child's college fund. ...

More Related Questions