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nicole10
Group Title
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
 2 years ago
nicole10 Group Title
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
 2 years ago

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nicole10 Group TitleBest ResponseYou've already chosen the best response.0
help please!
 2 years ago

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

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

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

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

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

emanumak Group TitleBest ResponseYou've already chosen the best response.0
sorry, the other one
 2 years ago

nicole10 Group TitleBest 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
 2 years ago

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

nicole10 Group TitleBest ResponseYou've already chosen the best response.0
okay ill try!
 2 years ago

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

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

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

nicole10 Group TitleBest 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.. !
 2 years ago

emanumak Group TitleBest 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
 2 years ago

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