A community for students. Sign up today!
Here's the question you clicked on:
 0 viewing
 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?
 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?

This Question is Closed

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
Ask your own question
Ask a QuestionFind more explanations on OpenStudy
Your question is ready. Sign up for free to start getting answers.
spraguer
(Moderator)
5
→ View Detailed Profile
is replying to Can someone tell me what button the professor is hitting...
23
 Teamwork 19 Teammate
 Problem Solving 19 Hero
 Engagement 19 Mad Hatter
 You have blocked this person.
 ✔ You're a fan Checking fan status...
Thanks for being so helpful in mathematics. If you are getting quality help, make sure you spread the word about OpenStudy.