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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?
 one year ago
 one year 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?
 one year ago
 one year ago

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emanumakBest ResponseYou've already chosen the best response.0
Simple interest= PRT/100, honey in a bit...
 one year ago

emanumakBest ResponseYou've already chosen the best response.0
dw:1336623392948:dw hope the hint is enough
 one year ago

nicole10Best ResponseYou've already chosen the best response.0
but after i do that i get a negative
 one year ago

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

nicole10Best ResponseYou've already chosen the best response.0
no the 7% is simple interest
 one year ago

nicole10Best ResponseYou've already chosen the best response.0
the 8.5% does not mention if it is simple or compounded so i guess it can be either
 one year ago

emanumakBest ResponseYou've already chosen the best response.0
lemme try it as compound, u should too so we compare notes :)
 one year ago

emanumakBest ResponseYou've already chosen the best response.0
I get a negative of 1,466.6667 as principal amount p1
 one year ago

nicole10Best ResponseYou've already chosen the best response.0
me too haha but how could you invest negative 1,466?
 one year ago

emanumakBest ResponseYou've already chosen the best response.0
you tell me :) what do you think, could we be wrong, highly doubt that
 one year ago

nicole10Best ResponseYou've already chosen the best response.0
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.. !
 one year ago

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

nicole10Best ResponseYou've already chosen the best response.0
can you resend it i am not getting anything through that link
 one year ago
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