To solve this problem you must apply the proccedure shown below:
1. Let's round the value to the nearest hundredth. As you can see, the digit 8 is in the thousandths place and is greater than 5, therefore, you must round up to 0.038.
2. Now express the value as a single digit times a power of 10, as following:
x
Therefore, the answer is: x
Let's say that the value invested in the account with a rate of 8% is "x", then the amount invested in the account with a rate of 12% is:
To calculate the total interest we need to calculate the interest of each individual account and sum them:
The total interest is the sum of the two expressions above:
The value invested in the account with 8% interest is 830, the one invested in the account with 12% interest is 1280.