1. Questions

Math

You invested $14,000 in two accounts paying 5% and 9% annual interest, respectively. If the total interest earned for the year was $820, how much was invested at each rate?

  1. 👍
  2. 👎
  3. 👁
Bob

  1. If you have x at 5%, then you have (14000-x) at 9%. Now just calculate the interest on each and add it up:

    .05x + .09(14000-x) = 820
    x = 11000

    so, you have $11,000 at 5% and $3000 at 9%.

    1. 👍
    2. 👎
    Steve

Respond to this Question

First Name

Your Response

Similar Questions

  1. algebra

    A total of $12,000 is invested in two funds paying 9% and 11% simple interest. If the yearly interest is $1,180, how much of the $12,000 is invested at each rate? We have two unknowns: the amount of money invested at 9% and the

  2. Math

    Betsy, a recent retiree, requires $6,000 per year in extra income. She has $60,000 to invest and can invest in B-rated bonds paying 13% per year or in a certificate of deposit (CD) paying 3% per year. How much money should be

  3. math

    after winning $280,000 in the lottery, maurika deided to place the money in three different investments : a certificate of deposit paying 4% , a money market certificate paying 5% , and some Aa bonds paying 7%. After 1 year she

  4. Math

    Larry Mitchell invested part of his $27,000 advance at 5% annual simple interest and the rest at 2% annual simple interest. If his total yearly interest from both accounts was $720​, find the amount invested at each rate

  1. algebra

    You invested ​$27,000 in two accounts paying 2% and 3% annual​ interest, respectively.If the total interest earned for the year was $ 800, how much was invested at each​ rate?

  2. math

    An investment adviser invested $14,000 in two accounts. One investment earned 4% annual simple interest, and the other investment earned 2.5% annual simple interest. The amount of interest earned for 1 year was $458. How much was

  3. algebra

    Mary has a total of $5000 invested in two accounts. One account pays 5% and the other 8%. Her interest in the first year was $331. Write and solve a system of equations to find out how much she has invested in both accounts

  4. Algebra

    An investment adviser invested $14,000 in two accounts. One investment earned 5% annual simple interest, and the other investment earned 2.5% annual simple interest. The amount of interest earned for 1 year was $540. How much was

  1. math

    you invested $8000 between two accounts paying 7% and 9% annual interest, respectively. If the total interest earned for the year was $600 how much was invested at each rate?

  2. annual interest

    you invested 12000 in two accounts paying 5% and 7% annual interest. If the totak interest earned for the year was 760 how much was invested at each rate?

  3. math

    Cyndee wants to invest $50,000. Her financial planner advises her to invest in three types of accounts: one paying 3%, one paying 5 1/2%, and one paying 6% simple interest per year. Cyndee wants to put twice as much in the

  4. algebra 1

    A man invests 10,000 dollars in two accounts, the first yielding 4 percent annual interest and the second, 5 percent. If x dollars is invested in the first account, how much annual interest does the man earn on his investement?

You can view more similar questions or ask a new question.