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Margaret [11]
3 years ago
14

A 5,000 principal is invested into two accounts, one earning 1% and another earning 6% interest. If the total interest for the y

ear is $170, how much is invested in each?
Mathematics
1 answer:
tia_tia [17]3 years ago
4 0

Answer:

i guess the answer is 1.764

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Y_Kistochka [10]

Answer:

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Step-by-step explanation:

In this question, we are asked to calculate the 3 things. The amount deposited per month, how much of total deposits comes from the total $52,000 and the total amount coming from interest.

To proceed, we first calculate the regular payment. Afterwards we calculate the deposit to get the amount coming from the $52,000 total deposit.

Using the formula interest = Annuity - Total deposit , we get the value of the interest.

Please check attachment for complete and detailed solution.

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I also got it right on the test. So... yeah.

hope this helps dood.

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