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vlada-n [284]
2 years ago
6

Last year Marta invested money in two accounts. The first account had an interest rate of 3% and the second account had an inter

est rate of 5 %. If she invested
$500 more in the first account than the second and her total interest income was $719, how much did she invest at each rate?
Mathematics
1 answer:
KatRina [158]2 years ago
3 0

The amount invested in the first account is $9,300 while the amount invested in the second account is $8,800.

<h3>How do we calculate the amount invested?</h3>

Let x represents the amount invested in the first account.

Therefore, we have:

Amount invested in the second account = x - 500

Interest income from first account = 3% * x = 0.03x

Interest income from second account = 5% * (x - 500) = 0.05x - 25

Total interest income = 0.03x + 0.05x - 25 = 719

Solving for x, we have:

0.08x = 719 + 25

x = 744 / 0.08

x = $9,300

Substituting for x, we have:

Amount invested in the second account = $9,300 - $500 = $8,800

Learn more about the amount invested here: brainly.com/question/24132106.

#SPJ1

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This Question is Incomplete

Complete Question

Anand needs to hire a plumber. He's considering a plumber that charges an initial fee of $65 along with an

hourly rate of $28. The plumber only charges for a whole number of hours. Anand would like to spend no more than $250, and he wonders how many hours of work he can afford.

Let H represent the whole number of hours that the plumber works.

1) Which inequality describes this scenario?

Choose 1 answer:

A. 28 + 65H < 250

B. 28 + 65H > 250

C. 65 + 28H < 250

D. 65 +28H > 250

2) What is the largest whole number of hours that Anand can afford?​

Answer:

1) C. 65 + 28H < 250

2) 6 hours

Step-by-step explanation:

We are told in the question that:

Anand needs to hire a plumber. He's considering a plumber that charges an initial fee of $65 along with an

hourly rate of $28. The plumber only charges for a whole number of hours.

Hences we have:

$65 + 28 × H

We are told that:

Anand would like to spend no more than $250,

Hence,our equation becomes:

$65 + 28H ≤ $250

Where H = Hourly rates of the plumber.

1) Which inequality describes this scenario?

From the given options and our calculations above, Option C) 65 + 28H < 250 is the correct answer

2) What is the largest whole number of hours that Anand can afford?​

We would use our equation above to solve for this.

65 + 28H < 250

= 65 + 28H ≤ 250

We convert or inequality sign to equal to sign

= 65 + 28H = 250

28H = 250 - 65

28H = 185

H = 185/28

H = 6.6071428571 hours

Therefore, the largest whole number of hours that Anand can afford is 6 hours

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