Answer:
2,801.6 or rounded as 2,802
In this item, we let x be the amount that is deposited in the account that has a simple interest equal to 7%. With this representation, the amount that is deposited in the account with simple interest of 6% is equal to 12000 - x.
The amount of interest earned from the investment is calculated through the equation,
I = P x (i)
For the first investment,
I = (x)(0.07)
For the second investment,
I = (12000 - x)(0.06)
Adding up the interests,
800 = 0.07x + (0.06)(12000 - x)
The value of x from the equation is 8000.
<em>Therefore, the amount invested to that with 7% interest is $8000 and the amount invested to that with 6% interest is $4,000.</em>
Answer:
9
Step-by-step explanation:
Answer:
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