anonymous
  • anonymous
Walter invested $15,000 in two accounts. The Rowe's Best account paid 6% while the Goings Great account paid 7%. If he earned $980 in interest for the year, how much did he invest in the Rowe's Best account?
Mathematics
chestercat
  • chestercat
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anonymous
  • anonymous
980/0.06
anonymous
  • anonymous
nvm
anonymous
  • anonymous
after I divide do I need to find the answer of .07? I got really confused

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anonymous
  • anonymous
I have different kind of answer everytime
anonymous
  • anonymous
X=money invested in the Rowe's Best Account Y=money invested in the Goings Great account X+Y=15000 ->Y=15000-X X(6%)+Y(7%)=980 (0.06X)+(15000-X)(0.07)=980 Solve for X
anonymous
  • anonymous
Does this make sense to you?
anonymous
  • anonymous
the first solution I did I have 7500 now I got 6500.I dont know where did I do wrong here
anonymous
  • anonymous
You can try to plug X and Y into X(6%)+Y(7%)=980 see if they are right
anonymous
  • anonymous
(0.06X)+(15000-X)(0.07)=980 X should be = 7000 if u did the math right
anonymous
  • anonymous
how did you get the 7000?can u show me the solution?
anonymous
  • anonymous
0.06X+1050-0.07X=980 -0.01X=-70 X=7000
anonymous
  • anonymous
okey thats help me how you do it thank you so much
anonymous
  • anonymous
No Problem :)

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