## nicole10 3 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?

1. nicole10

2. emanumak

Simple interest= PRT/100, honey in a bit...

3. emanumak

|dw:1336623392948:dw| hope the hint is enough

4. nicole10

but after i do that i get a negative

5. emanumak

figured that out, i wonder if the 7% is simple interest?? Can it be compound?

6. nicole10

no the 7% is simple interest

7. emanumak

sorry, the other one

8. nicole10

the 8.5% does not mention if it is simple or compounded so i guess it can be either

9. emanumak

lemme try it as compound, u should too so we compare notes :-)

10. nicole10

okay ill try!

11. emanumak

I get a negative of 1,466.6667 as principal amount p1

12. nicole10

me too haha but how could you invest negative 1,466?

13. emanumak

you tell me :-) what do you think, could we be wrong, highly doubt that

14. nicole10

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.. !

15. emanumak

http://openstudy.com/study#/updates/4fab362be4b059b524f7081e u mind takin a look? been stallin inthe first step i keep getting a third

16. nicole10

can you resend it i am not getting anything through that link