Johnny deposits some money at 2.5% annual interest and twice as much at 3.0%. Find the amount

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Johnny deposits some money at 2.5% annual interest and twice as much at 3.0%. Find the amount deposited at each rate if his total annual interest income is $850.

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College Algebra

ISBN: 978-0134697024

12th edition

Authors: Margaret L. Lial, John Hornsby, David I. Schneider, Callie Daniels

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Question Posted: Feb 09, 2019 04:33 AM

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Johnny deposits some money at 2.5% annual interest and twice as much at 3.0%. Find the amount

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Let x the amount deposited at 25 interest Then 2x the amount d...View the full answer

College Algebra

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