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Ber [7]
3 years ago
7

Paul invested three times as much money in the account paying 5% interest then he did in an account paying 4% of the total inter

est paid was $475 how much did he invest in each
Mathematics
1 answer:
noname [10]3 years ago
5 0

Given

Paul invested three times as much money in the account paying 5% interest then he did in an account paying 4%.

Total interest paid was $475

Find out  he invest in each.

To proof

Let us assume that Paul invested  in an account paying 4% be = x

As given in the question

Paul invested three times as much money in the account paying 5% interest then he did in an account paying 4%.

Let us assume that Paul invested  in an account paying 5% be = 3x

Total interest paid = $475

First convert 4% in the decimal form

=\frac{4}{100}

= 0.04

First convert 5% in the decimal form

=\frac{5}{100}

= 0.05

Than the equation become in the form

0.04x + 0.05 × 3x = 475

0.04x + 0.15x = 475

0.19x = 475

x = $2500

Paul invested  in an account paying 4% be = $2500

Paul invested  in an account paying 5% be = $7500

Hence proved






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