The annual interest that can be earned through investment of an amount at a simple interest can be calculated through the equation,
I = P x (i)
where I is interest, P is the principal amount, and i is the decimal equivalent of the interest.
Let x be the amount deposited with 3.5% interest. With this representation, the amount deposited with 5.5% is 5800 - x.
The linear equation that would represent the given scenario is,
x(0.035) + (5800 - x)(0.055) = 283
Simplifying the equation,
0.035x + 319 - 0.055x = 283
Combining like terms,
-0.02x = -36
Dividing by -0.02,
x = 1800
$5800 - x = $5800 - $1800 = y
y = $4000
Hence, the value that should be deposited to the 5.5% is $40000.
Answer:n=-83/60 or -1.383
Step-by-step explanation:
Answer:
First add 6 and 4 together to get 10 now add 2 and 3 and 1 together which gets you 6 and add the zero from the 10 and you get 60
Step-by-step explanation:
Answer:2 x 3
Step-by-step explanation:
