Let the investment in first account be x and this account is earning 3.5% interest
So Interest on this account is 3.5% of x = 0.035x
So the investment in second account would be (1,000,000-x) and this account is earning 4.5% interest
So the interest on this account is 4.5% of (1,000,000-x) = 0.045*(1,000,000-x)
Given that total interest for the year is $42,000
So we have
0.035x + 0.045(1,000,000-x) = 42,000
0.035x - 0.045x + 0.045*1,000,000 = 42,000
-0.01x + 45,000 = 42,000
-0.01x = 42,000-45,000
-0.01x = - 3000
0.01x = 3000
x = 3000/0.01
x= 3,00,000
Therefore Investment in one account s 300,000 and the investment in other account is 1,000,000-300,000 = 700,000
Answer:
This is easy to do on your own. Just think of 3 numbers, put them in for x, solve, and show your work.
Step-by-step explanation:
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<u>The number 0 falls in the interval -1 < x ≤ 1, so we use the formula f(x) = x to evaluate f(0).f(0</u>
<u>The number 0 falls in the interval -1 < x ≤ 1, so we use the formula f(x) = x to evaluate f(0).f(0)</u>
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<u>step </u><u>by </u><u>step:</u>
Answer:
4
Step-by-step explanation:
.5
It’s a cus they are all half the value of each other