Mr. Walker invested $65,100 in two banks, one paying 4.5% and the other 6%. If he gets $231 more on the 6% investment than that

Question

SpyIntel [72]

4 years ago

15

Mr. Walker invested $65,100 in two banks, one paying 4.5% and the other 6%. If he gets $231 more on the 6% investment than that

on the 4.5% investment, find the total annual income from the banks. URGENT PLS <3

Mathematics

1 answer:

laiz [17] · Answer 1 · 2022-02-21T05:07:54+03:00

laiz [17]4 years ago

8 0

0.06x=0.045(65100-x)+231
Solve for x
X=30100
Find the amount of interest in each account
0.06(30100)=1806 first account
0.045(65100-30100)=1575 sec account
Total interest=1,806+1,575=3,381