2 years ago

Thomas invested $40,000. He put part of the money in an account paying 2% interest and the remainder

Mathematics

1 answer:

Rainbow [258]2 years ago

5 0

Answer:

18,000 at 2%

22,000 at 3%

Step-by-step explanation:

x: the amount in account paying 2% interest

y: the amount in stock paying 3% interest

x + y = 40,000

2%. x + 3%. y = 1020

⇒ x = 18,000

y = 22,000

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