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nicole10
 2 years ago
You invested $6000 in two savings, some at 7% (simple interest) and the rest at 8.5%. The total amount of interest from both accounts for one year was $398. How much was invested in each account?
nicole10
 2 years ago
You invested $6000 in two savings, some at 7% (simple interest) and the rest at 8.5%. The total amount of interest from both accounts for one year was $398. How much was invested in each account?

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emanumak
 2 years ago
Best ResponseYou've already chosen the best response.0Simple interest= PRT/100, honey in a bit...

emanumak
 2 years ago
Best ResponseYou've already chosen the best response.0dw:1336623392948:dw hope the hint is enough

nicole10
 2 years ago
Best ResponseYou've already chosen the best response.0but after i do that i get a negative

emanumak
 2 years ago
Best ResponseYou've already chosen the best response.0figured that out, i wonder if the 7% is simple interest?? Can it be compound?

nicole10
 2 years ago
Best ResponseYou've already chosen the best response.0no the 7% is simple interest

nicole10
 2 years ago
Best ResponseYou've already chosen the best response.0the 8.5% does not mention if it is simple or compounded so i guess it can be either

emanumak
 2 years ago
Best ResponseYou've already chosen the best response.0lemme try it as compound, u should too so we compare notes :)

emanumak
 2 years ago
Best ResponseYou've already chosen the best response.0I get a negative of 1,466.6667 as principal amount p1

nicole10
 2 years ago
Best ResponseYou've already chosen the best response.0me too haha but how could you invest negative 1,466?

emanumak
 2 years ago
Best ResponseYou've already chosen the best response.0you tell me :) what do you think, could we be wrong, highly doubt that

nicole10
 2 years ago
Best ResponseYou've already chosen the best response.0no idea maybe it was written poorly ? im goign to go with that and find out from my teacher tomorrow .. thank you so much im happy to know you agree now i could move on.. !

emanumak
 2 years ago
Best ResponseYou've already chosen the best response.0http://openstudy.com/study#/updates/4fab362be4b059b524f7081e u mind takin a look? been stallin inthe first step i keep getting a third

nicole10
 2 years ago
Best ResponseYou've already chosen the best response.0can you resend it i am not getting anything through that link
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