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anonymous

  • 5 years ago

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?

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  1. anonymous
    • 5 years ago
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    980/0.06

  2. anonymous
    • 5 years ago
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    nvm

  3. anonymous
    • 5 years ago
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    after I divide do I need to find the answer of .07? I got really confused

  4. anonymous
    • 5 years ago
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    I have different kind of answer everytime

  5. anonymous
    • 5 years ago
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    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

  6. anonymous
    • 5 years ago
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    Does this make sense to you?

  7. anonymous
    • 5 years ago
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    the first solution I did I have 7500 now I got 6500.I dont know where did I do wrong here

  8. anonymous
    • 5 years ago
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    You can try to plug X and Y into X(6%)+Y(7%)=980 see if they are right

  9. anonymous
    • 5 years ago
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    (0.06X)+(15000-X)(0.07)=980 X should be = 7000 if u did the math right

  10. anonymous
    • 5 years ago
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    how did you get the 7000?can u show me the solution?

  11. anonymous
    • 5 years ago
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    0.06X+1050-0.07X=980 -0.01X=-70 X=7000

  12. anonymous
    • 5 years ago
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    okey thats help me how you do it thank you so much

  13. anonymous
    • 5 years ago
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    No Problem :)

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