Question

David invests $7000 in two different accounts. The first account paid 4 %, the second account paid 8 % in

Answer 1

What we know:

I  = Invest (so we dont mess up on interest.)

So, I = $7,000

First Account is 4%

Second Account is 2%

End of the year David Earns $476 in interest

With percent's you can always turn them into a decimal.

--------------------------------------------------------------------------------------------------------------

The Question: How much was in each account?

--------------------------------------------------------------------------------------------------------------

Step by Step Answer:

I = amount invested at 4%

4% = 0.40

8% = 0.80

0.40 - $7,000 = 6999.6

0.80 - 6999.6 = 6998.8

6998.8 - 476

Amount in both accounts in total is 6522.80.

--------------------------------------------------------------------------------------------------------------

HOPE THIS HELPS! =3

HAVE A FANTASTIC DAY!