2 years ago

Your Turn!

Mathematics

1 answer:

Pachacha [2.7K]2 years ago

5 0

B don’t quote me if I’m wrong

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Laura invests $2500 in one account and $1500 in an account paying 2 % higher interest. At the end of one year she had earned $11

Crank

Answer:

$2500 - 2%

$1500 - 4%

Step-by-step explanation:

Say the interest for the $2500 is x, so the interest for the $1500 is x+0.02.

As an equation, they would look like this:

2500x+1500(x+0.02)=110

Now solve

2500+1500x+30=110

4000x=80

x=0.02

That means the interest for the $2500 is 0.02, or 2%, and the interest for the $1500 is 0.04, or 4%.

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Step-by-step explanation:

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Dream Loan Bank offers loans. Carrie borrows $10,500 to help start a business. The loan must be repaid at 4.5% simple interest o

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