Answer:
D; $4,250
Step-by-step explanation:
Here, we want to know the amount that was invested in the 5% account
We proceed as follows;
Let the amount invested in the 5% interest account be $a and the amount invested in the 8% interest account be $b
We have it that the total investment amount is $11,000
Mathematically, since total is 11,000; we can add a and b to give this
a + b = 11,000 •••••••••(i)
Now, let us work with the interests
Interest earned will be;
Percentage of interest * Amount invested
For the 5% interest account, the interest earned will be;
5/100 * a = 5a/100 = 0.05a
For the 8% interest account , the interest earned will be;
8/100 * b = 0.08b
By adding the interests on both account, we can get the total amount of interest earned
We can have this as;
0.05a + 0.08b = 752.50 •••••(ii)
From equation i above;
b = 11,000 - a
Substitute this into ii
0.05a + 0.08(11,000-a) = 752.5
0.05a+ 880 - 0.08a = 752.5
0.08a-0.05a = 880-752.5
0.03a = 127.5
a = 127.5/0.03
a = $4,250
