Charlotte invested $5,500 in two accounts. At the end of a year, one account had made...
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Charlotte invested $5,500 in two accounts. At the end of a year, one account had made a 3% gain, and the other had made a 2% gain. All together, Charlotte made $145 in interest. How much money did Charlotte invest in each account? The table below may help you organize information before you write an equation. If we let x be the amount of money invested in the 3% account... Organize data with a table Rate xx Principal == 3% Investment 0.03 2% Investment 0.02 x 5500-x Interest 0.03x 0.02(5500-x) According to the table, the total interest that Charlotte earned is dollars. Now set up and solve an equation to find how much Charlotte invested in each account. Charlotte invested ($3,500) at 3% and ($2,000) at 2%. Charlotte invested $5,500 in two accounts. At the end of a year, one account had made a 3% gain, and the other had made a 2% gain. All together, Charlotte made $145 in interest. How much money did Charlotte invest in each account? The table below may help you organize information before you write an equation. If we let x be the amount of money invested in the 3% account... Organize data with a table Rate xx Principal == 3% Investment 0.03 2% Investment 0.02 x 5500-x Interest 0.03x 0.02(5500-x) According to the table, the total interest that Charlotte earned is dollars. Now set up and solve an equation to find how much Charlotte invested in each account. Charlotte invested ($3,500) at 3% and ($2,000) at 2%.
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Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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