0.03x+0.06 (6500-x)=225
Solve for x
0.03x+390-0.06x=225
0.03x-0.06x=225-390
-0.03x=-165
X=165÷0.03
X=5500 invested at 3%
6500-5500=1000 invested at 6%
Answer:
b
Step-by-step explanation:
Answer:
Bank of Texas = $10,031.35
United Texas Bank = $10,500.00
Step-by-step explanation:
Bank of Texas
A=P(1+rt)
P=$7,500
r=6.75%
t=5 years
$10,031.35
refer the pic
United Texas Bank
A=P(1+rt)
P=$7,500
r=8%
t=5 years
$10,500.00
refer the sec pic