anonymous
  • anonymous
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?
Mathematics
  • Stacey Warren - Expert brainly.com
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SOLVED
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jamiebookeater
  • jamiebookeater
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anonymous
  • anonymous
help please!
anonymous
  • anonymous
Simple interest= PRT/100, honey in a bit...
anonymous
  • anonymous
|dw:1336623392948:dw| hope the hint is enough

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anonymous
  • anonymous
but after i do that i get a negative
anonymous
  • anonymous
figured that out, i wonder if the 7% is simple interest?? Can it be compound?
anonymous
  • anonymous
no the 7% is simple interest
anonymous
  • anonymous
sorry, the other one
anonymous
  • anonymous
the 8.5% does not mention if it is simple or compounded so i guess it can be either
anonymous
  • anonymous
lemme try it as compound, u should too so we compare notes :-)
anonymous
  • anonymous
okay ill try!
anonymous
  • anonymous
I get a negative of 1,466.6667 as principal amount p1
anonymous
  • anonymous
me too haha but how could you invest negative 1,466?
anonymous
  • anonymous
you tell me :-) what do you think, could we be wrong, highly doubt that
anonymous
  • anonymous
no 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.. !
anonymous
  • anonymous
http://openstudy.com/study#/updates/4fab362be4b059b524f7081e u mind takin a look? been stallin inthe first step i keep getting a third
anonymous
  • anonymous
can you resend it i am not getting anything through that link

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